How to Help Your Parents Without Jeopardizing Their Medicaid Eligibility
Manage episode 513692887 series 3673515
Antony Turbeville explores how adult children can financially support their aging parents without risking their Medicaid eligibility for long-term care in Florida. In this episode, Tony explains the difference between direct payments and vendor payments, the complications of joint accounts, and the critical role of documentation in maintaining eligibility. He highlights the importance of seeking competent counsel to navigate Medicaid rules ethically, ensuring parents’ care needs are met while protecting family finances.
Key Timestamps00:00 - Show Introduction and Welcome
01:30 - Impact of Financial Support on Medicaid Eligibility
05:00 - Vendor Payments and Their Safety
09:00 - Complications of Joint Accounts
13:00 - Importance of Proper Documentation
17:00 - Role of Medicaid Planning Experts
21:00 - Navigating Mortgage and Tax Payments
25:00 - Familial Responsibility Rules in Florida
29:00 - Financial Impact on Children’s Future
33:00 - Strategies to Maximize Asset Protection
37:00 - Importance of Pre-Application Counsel
41:00 - Conclusion and Call to Action
About the ShowMedicaid 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.
13 episodes