Do you know the difference between Medicare and Medicaid?
Today, Larry Heller breaks down common misconceptions with the help of Kevin Condon, a lawyer who specializes in elder law estate and long-term care planning
.To help listeners understand the inner workings of Medicaid, Larry and Kevin explain how it differs from Medicare. Then they clear up misconceptions they’ve both encountered with clients, including the belief that you can’t ever qualify for Medicaid if you have too many assets, or that your assets are protected from Medicaid in a revocable trust.Related: Why Baby Boomers Need to Consider Life Care Management
Kevin also outlines why it’s important to plan and protect your assets
, even if you don’t think you need to plan for Medicaid. He also discusses the best age to start preparing.
Tune in today for an information-packed episode of helpful tips that will help you better prepare for your retirement.