Attorney-CPA Joe Cordell and co-host Susan Arthur break down many of the myths and misconceptions that exist, when it comes to Medicaid, Medicare, and long-term care. They start the show by explaining that Medicare addresses injuries or illnesses, as opposed to chronic care or custodian care, as well as detailing the impact that families and private resources have on the medical economy.
Joe and Susan detail their list of Medicaid myths and misconceptions and debunk them, including the need to sell your house and give it to the government, in order to be Medicaid eligible, the illegality of giving away assets, in order to be Medicaid eligible, the length of the waiting period involved in Medicaid, and more.
Joe also breaks down how the involvement of families on accounts and assets can affect how Medicaid sees transactions within the last 60 months and how proof is necessary to help this process.
