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Knowledgeable Aging

Resources for the Aging Population

Understanding the Differences Between Medicare and Long-Term Care Medicaid

Here’s What You’ll Learn:

  • What are the fundamental differences between Medicare and Long-Term Care Medicaid?
  • Who pays for a nursing home when a patient is admitted?
  • What is the Two-Midnight rule?
  • What is the Medicaid spenddown?
  • What is the Medicaid lookback?

Listen to the Podcast

  • 3:54 – Long term care is a growing problem
  • 5:35 – What is long term care
  • 9:18 – The high cost of long term care
  • 13:36 – Self insured long term care
  • 15:05 – Private financing for long term care
  • 17:27 – Public financing medicare option
  • 20:04 – Public financing medicaid option
  • 22:07 – Medicare vs medicaid confusion
  • 23:04 – Medicare eligibility
  • 25:31 – Medicaid eligibility
  • 27:21 – Medicaid spenddown
  • 30:24 – Gift and transfer penalties
Lynn Socci

Lynn Socci, CMP with over 10+ years as a director of rehabilitation in long-term care. I have extensive experience navigating the Medicaid system and helping families successfully apply. I am also a single mom with three daughters, including one with special needs. I am acutely aware of the unique challenge women face when it comes to preparing for their future. That’s why I enjoy teaching and showing families how they can get care for their loved ones while protecting their assets and wealth transfer.

I’m a Certified Medicaid Planner, which means I help individuals every step of the way through the application process and can circumvent issues. As the guideline and standards setter in the Medicaid Planning field, the CMP™ Governing Board established an ethics panel that has formulated a unifying set of client-first principles to guide Certified Medicaid Planners™ in the proper and ethical practice of the profession

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