Episode Summary:

In this episode of *Medicaid Mastery*, Tony Turbeville explains how veterans aid and attendance benefits work alongside Medicaid for long-term care. He delves into eligibility criteria, benefit amounts, coverage differences, and the complexities of coordinating both benefits.

Key Timestamps:

00:00 – Introduction

01:15 – Explaining veterans aid and attendance benefits

03:45 – Contrasting aid and attendance with Medicaid coverage

06:20 – Coordinating VA and Medicaid benefits

08:10 – Transitioning from home care to nursing home care

10:30 – Common pitfalls in navigating VA and Medicaid together

12:45 – Differences in rules for veteran patients versus spouses

14:30 – Simplifying VA benefits compared to Medicaid

16:10 – Sequence of applying for VA and Medicaid benefits

18:00 – Importance of seeking professional guidance

About the Show:

*Medicaid Mastery* is a comprehensive guide to navigating the complexities of the real long-term care Medicaid system. Join Tony Turbeville as he sheds light on securing Medicaid benefits while safeguarding assets and peace of mind for families in need.

Episode Summary:

In this episode of *Medicaid Mastery*, Tony Turbeville discusses the most common and costly mistakes families make when applying for Medicaid. He emphasizes the importance of avoiding these pitfalls to secure benefits while protecting assets and financial stability.

Key Timestamps:

00:00 – Introduction

02:15 – Number one mistake families make during Medicaid applications

04:30 – Impact of giving away assets on Medicaid eligibility

07:10 – Exceptions and legal strategies for asset protection

09:45 – Timing and complexities of the Medicaid application process

12:20 – The value of professional assistance in Medicaid planning

15:05 – Common mistakes and solutions in Medicaid applications

About the Show:

*Medicaid Mastery* is a comprehensive guide to navigating the complex world of long-term care Medicaid. Tune in to learn valuable insights from Tony Turbeville, an expert in securing Medicaid benefits and safeguarding assets for families.

Episode Summary

In this episode of Medicaid Mastery, Antony Turbeville explains the role of special needs trusts and pooled trusts in Medicaid planning. He breaks down who needs them, how they work, and why they’re vital for protecting eligibility while ensuring quality of life for loved ones with disabilities. Antony also clarifies common misconceptions, shares real-world examples, and highlights the differences between first-party, third-party, and pooled trusts.

What You Will Learn in This Episode

• What a special needs trust is and how it functions
• The key differences between first-party, third-party, and pooled trusts
• How these trusts affect Medicaid eligibility for people under and over 65
• Why leftover trust funds may be subject to repayment by the state
• Examples of how funds can be used to improve quality of life
• Restrictions on spending from special needs and pooled trusts

Key Timestamps

00:02:00 – What is a special needs trust and how does it work? 00:05:00 – The difference between special needs trusts and pooled trusts 00:07:30 – First-party vs. third-party trusts explained 00:09:00 – Real-world examples of trust spending, from necessities to experiences 00:10:30 – Restrictions on how funds can and cannot be used

Medicaid Mastery is a podcast dedicated to simplifying long-term care Medicaid planning for Florida residents. Featuring Antony Turbeville, the show provides clear, actionable guidance on navigating Medicaid rules, protecting assets, and ensuring financial security for aging parents. Through expert insights, the podcast empowers listeners to make informed decisions and avoid costly mistakes in long-term care planning.