#074: The Right Way to Qualify for Medicaid for Long Term Care - Part 2
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 28 May 2018
⏱️ 38 minutes
🧾️ Download transcript
Summary
Devin and John continue the discussion from Episode 73: The Right Way To Qualify for Medicaid for Long-Term Care
Single person: you can have a house, you can have a car, you can have your funeral paid for, you can have $2,000.
How can you bring your assets down below the $2,000 limit? There are quite a few good options.
Now, if you're part of a married couple, you have a different set of issues.
As you can see, this stuff is really complicated.
For more information, visit the show notes at http://bigpictureretirement.net/074
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The Big Picture Retirement Show does not provide specific tax, legal, or financial advice. |
| 0:05.1 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:13.0 | Hello everyone and welcome to the Big Picture Retirement Show, |
| 0:16.5 | where we deliver insight on what you need to know for a meaningful and successful retirement. |
| 0:22.5 | If you are planning for or living in retirement, John, this is the show. |
| 0:27.0 | It is. This is it. This is it. This is the show for those folks. That's right. Well, hey, I'm |
| 0:32.0 | Devin Carroll and John Ross. Of course, he's with me today. Howdy. Hey, we're going to finish up last week's episode |
| 0:40.6 | where we talked about the right way to use Medicaid to pay for long-term care. |
| 0:46.0 | Last week was a bit of pre-planning. Oh, it was. Yeah, we talked about some pre-planning. Today, |
| 0:49.5 | we're going to talk about crisis planning. But we also said that, you know, this is not something that is applicable |
| 0:55.7 | directly to our listeners. You know, I get it that most of our listeners aren't sitting there |
| 1:00.6 | thinking, how can I qualify for Medicaid so I can pay for my long-term care? But a lot of them |
| 1:06.9 | have parents that are, or they know people that's going through this. We have a fairly |
| 1:11.7 | decent size advisor crowd, other attorneys, CPAs, financial advisors that listen to this show. |
| 1:17.6 | And so this information is valuable for them as well, right? Absolutely. |
| 1:22.2 | Hey, but before we jump into today's show, I want to do something that's a little bit different. I want to make a |
| 1:29.0 | request to our listeners for their support. Now, this is not the NPR K-Love type of request, where we |
| 1:37.0 | play music and you call in by the end of the song and someone's going to match your gift or anything |
| 1:41.4 | like that. In fact, we're not even going to ask for money. |
| 1:49.8 | It's not that kind of support you can give us. But we do this show every week and we don't have advertisers. We don't have sponsors. And right now, we don't even want those. We just enjoy coming in here, |
| 1:55.5 | recording this show. And that's gratification enough for us that we're able to help some of you guys. |
| 2:00.1 | But you can show us some love. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Devin Carroll, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Devin Carroll and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.