Second Half of Life Podcast
This podcast explores the many issues and topics related to elder law - the wide range of legal matters affecting people in their second half of life and individuals with disabilities. Produced by Steinbacher, Goodall and Yurchak: Your elder care and special needs law firm, providing quality representation in litigation, with locations in Altoona, State College, Wilkes-Barre, Williamsport, Wyalusing and Wysox, Pa. Visit our website at PAElderCounsel.com.
Second Half of Life Podcast
Qualifying for Medicaid to Pay for Long Term Care Costs
In this episode, a clip from our Wine & Wills virtual event on Sept. 1, Long-Term Planner Kristin Daugherty discusses using Medicaid to pay for long-term care costs. In addition to the better-known version of Medicaid (also called medical assistance), which is used by people of a certain income level for general healthcare, Medicaid is and can also be used by people of varying asset levels to pay for long-term care costs. So, how can you qualify for Medicaid to pay for long-term care if you have too many assets? The short answer is to give some of these assets away as gifts, often to a trust, but HOW one does this is more important that the act of gifting itself. Kristin explains some of this in very general terms.
To learn more about Medicaid qualification for long-term care costs, view this portion of a recent virtual seminar in which Kristin explains more about Medicaid. https://youtu.be/9nB3sEz89Po?t=2105