Elder Law Today Podcast Show #2 The Basics of Medicaid

In the second
installment of Elder Law Today Podcast, Yale Hauptman, a
practicing New Jersey elder law attorney, explains the basics of the
Medicaid nursing home program. Yale explains how this needs-based
program works, including the asset and income tests for eligibility.
Learn what countable and non-countable assets, Medicaid transfer
penalty and lookback period are and why Medicare will not cover most
nursing home stays.

Yale also explains why
long term care planning must be done well before entry to a nursing
home becomes necessary. Congress passed significant changes to the
Medicaid laws 2 years ago, known as the Deficit Reduction Act of
2005, changes that the average American is unaware of. Learn why
even if you spend down your assets to the Medicaid levels you still
may face a Medicaid transfer penalty.

In the second segment,
Yale interviews Barbra London of Freedom Eldercare, a licensed home
health care agency. Listen to Barbra and Yale talk about the types
of services a home health care agency provides and common
misconceptions people have about this important resource. They also
discuss why, under the new Medicaid laws, hiring an aide directly,
rather than through an agency, can trap the unwary and cause a
Medicaid ineligibility period.

Click here to listen to the show

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To contact Barbra London  201-883-1200 or toll free  866-7 Freedom

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