Kevin Huston - How Does Medicaid Planning Work? - a podcast by Radon Stancil, CFP® & Murs Tariq, CFP®

Have you ever heard of the term ‘Medicaid’ or ‘Medicaid Planning’? And do you qualify for it?
As you start to approach age 65, you should more and more be thinking of Medicaid Planning. Medicaid is a government medical care insurance for people who need assistance and is limited to people who are 65 years and above or are disabled.
It is important that as you plan your retirement, you do Medicaid planning to ensure that your long-term care is fully catered to. Medicaid is different from Medicare and is very limited in terms of who qualifies for it.
In this episode of the Secure Your Retirement podcast, we invited Kevin Huston to help us understand who qualifies for Medicaid and the different planning strategies to qualify. Kevin Huston is an attorney specializing in this area and the founder of Carolina Estate Counsel- an Estate and Elder Law planning firm.
In this episode, find out:
Understanding Medicaid and who qualifies for it
The difference between Medicare and Medicaid on who and what they cover
The meaning of Medicaid planning and how to effectively plan for it
The different strategies you can do crisis planning to qualify for Medicaid
Understanding the Medicaid Compliant Annuities
Why you’re never too young to think about Medicaid planning
The downside of giving away your assets for Medicaid

Tweetable Quotes:
“Medicaid planning is most effectively done if you plan ahead of time.”- Kevin Huston
“If you give away assets, you’re sheltering them from Medicaid, but the downside is that you’re giving away control of your assets.”- Kevin Huston

Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit http://pomwealth.net/podcast (POMWealth.net/podcast).
To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to morgan@pomwealth.net.

Further episodes of Secure Your Retirement

Further podcasts by Radon Stancil, CFP® & Murs Tariq, CFP®

Website of Radon Stancil, CFP® & Murs Tariq, CFP®