Attorney-CPA Joe Cordell and co-host Susan Arthur discuss the ins and outs of Medicaid on this episode of ElderTalk with Joe Cordell. They break down the necessary steps in planning as we age. Susan talks about how emergencies can incite the need for Medicaid.
Joe and Susan clarify the income qualifications necessary for Medicaid, as well as how having a family member help with some of the care can be beneficial to your living arrangement and costs. They discuss how rehabilitation can affect issues surrounding Medicaid and eligibility.
Susan asks Joe what lawyers need to know when discussing qualifying for long-term care through Medicaid, and Joe explains the need for timelines and snapshot dates. He also explains how specific laws have been passed, in order to make sure that those in the nursing home, as well as the community spouse, can be covered.
They also talk about the importance of asset division, as of the application and as of the snapshot date, when applying for Medicaid.