They're selling EVERYTHING to qualify for Medicaid

They're selling EVERYTHING to qualify for Medicaid

Author: Diane Stoddart, Certified Long Term Care Consultant, CLTC September 12, 2024 Duration: 9:09
Preparing For Tomorrow podcast
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Yes, a colleague of mine is selling all of her uncle's belongings because he was "put into aged care". Those who plan know where they want to be when a long term care event enters the picture. And they have the income, savings and LTC insurance to support their plan. Most stay home with help for most to the need and move to assisted living if care needs increase. Most don't ever live in a nursing home, and they surely don't get "put" somewhere. People without a plan put their whole family in a crisis mode adter a severe stroke or when Alzheimer's or other dementia shows up. The three questions we need to ask are: 1) Where do I want to be when needing help to et through each day? 2) Who do I want to have there with me? 3) How will I pay for this? Needing LTC services is expensive. Home care easily costs near $40/hour today, and assisted living $4-8000/month. Costs of care are increasing by about 5% annually. Schedule some time with me to protect your family when life doesn;t go as planned https://calendly.com/diane-p4t/30min

Diane Stoddart brings a professional yet deeply personal perspective to the complex world of long-term care planning in Preparing For Tomorrow podcast. As a Certified Long Term Care Consultant, she understands that preparing for future care needs involves more than just finances-it's about safeguarding your family's well-being and peace of mind. Each conversation cuts through the industry jargon to clarify the real options available, from insurance products to legal strategies, all aimed at protecting your life savings from being depleted by unexpected care costs. You'll hear Diane break down essential concepts and terms, making a daunting subject feel manageable and urgent. Alongside expert guests, she explores the emotional and physical dimensions of caregiving, offering a holistic view that acknowledges the full weight of these decisions. This isn't about fear; it's about empowerment through knowledge. Tuning into this podcast provides a straightforward guide to creating a practical plan, ensuring you can face tomorrow with confidence rather than anxiety, knowing your loved ones and your legacy are secure.
Author: Language: English Episodes: 100

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Preparing For Tomorrow podcast
Podcast Episodes
What if I die before using all my LTC benefits? [not-audio_url] [/not-audio_url]

Duration: 9:40
Teresa wants to know what happens to any LTC benefit money she doesn't use. There are plans that pay your family back if no care or little care is needed, but that's not why we buy insurance. Insurance by definition is a…
When I Met Alzheimer's Face to Face [not-audio_url] [/not-audio_url]

Duration: 27:18
We have a lot of new listeners, so I'm taking you back to one of our earliest episodes to share my "Why". I became a long term care specialist because my heart yearns to help you not go through what I and my family went…
I promised your mom [not-audio_url] [/not-audio_url]

Duration: 10:42
This week, I'm sharing updates on the four clients with LTC claims that we shared on February 22nd. I have been walking with these families as they prepare for and begin extensive caregiving needs for their moms and wive…

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