))
Benefits Unlocked: Mastering Medicare and Medicaid for Your Future
Manage episode 407187395 series 3558640
Content provided by Jeffrey Bellomo. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jeffrey Bellomo or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
We’ve been getting a lot of questions about the differences between Medicare and Medicaid. It’s important to understand the distinctions so that you can make the most of the benefits that are available to you.
Our free workshops provide in-depth educational opportunities, and we encourage you to sign up at our website—both in-person and online learning are offered. Until then, take advantage of Jeff’s easy-to-understand explanations of Medicare and Medicaid as he clarifies misconceptions about these programs and describes how to protect your assets while also ensuring essential health care.
What You Need to Know
(02:00) We're very excited to be in our new location at 1755 Oregon Pike, Suite 101, Lancaster, PA 17601.
(02:35) Jeff and Dan Hill have written a book to be released later this year. Look for "A Fork in the Road: Modern Estate Planning Takes the Other Fork."
(05:16) Medicare is health insurance for people over 65, although there are some other exceptions. It does not cover long-term care (LTC).
(08:01) Medicare plus copays and/or supplemental health insurance will cover up to 100 days of care in a skilled facility.
(09:28) After 100 days, Medicare benefits expire and the patient is moved to long-term care if he or she is not well enough to go home.
(11:21) People with income above the income cap limit do not qualify for the in-home care waiver program.
(14:20) One way for a patient to qualify for Medicaid in long-term care is to spend down their assets. Another way is to set up a trust ahead of time.
(18:54) When a family has not planned ahead, we recommend attending our Medicaid Crisis Workshop.
(24:08) Medicaid planning is legal. It satisfies the law as intended. You can still pay your fair share for health care but not lose everything that you have spent your life working for.
About Bellomo & Associates
Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master’s degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language.
Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn’t happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.
LINKS AND RESOURCES MENTIONEDBellomo & Associates workshops:https://bellomoassociates.com/workshops/
- Life Care Planning
- The Three Secrets of Estate Planning
- Nuts & Bolts of Medicaid
For more information, call us at (717) 845-5390.
Connect with Bellomo & Associates on Social Media
Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/
Twitter:https://twitter.com/bellomoassoc
YouTube: https://www.youtube.com/user/BellomoAssociates
Facebook:https://www.facebook.com/bellomoassociates
Instagram:https://www.instagram.com/bellomoassociates/
LinkedIn:https://www.linkedin.com/in/bellomoandassociates
WAYS TO WORK WITH JEFFREY BELLOMO
Contact Us:https://bellomoassociates.com/contact/
Practice areas:https://bellomoassociates.com/practice-areas/
89 episodes
Share
