Introduction to Medicaid Eligibility for Long-Term Care with Richard Sampson

Understanding Medicaid long-term care benefits and eligibility, the rules surrounding assets, allowable resources, the 5-year look back rule and Medicaid spend down can be a daunting task. The difficulty of this task is compounded when you’re trying to apply for Medicaid benefits and navigate all the rules when you are under the stress and pressure of an ill spouse or family member. Join Richard as he explains how Medicaid eligibility works for long-term care benefits. There are many myths and misunderstandings regarding Medicaid for long-term care benefits. Richard will help clarify some of these myths and clear some of the fog away. Even if you think you are a long way off from needing long-term care, the information provided in this lecture is valuable and can help you position yourself to avoid mistakes that can affect you financially should the day come that you or a loved one needs long-term care.

Richard Sampson has been a business owner for over 30 years primarily in the insurance industry. However, due to a family member’s illness in 2019, Richard became painfully aware of the high cost of long-term care. Working closely with an attorney, Richard and his family were able to get Medicaid Long-term care benefits approved for their ill family member. In the process, Richard learned that a spouse does not have to spend everything they own and “go broke” to get Medicaid benefits for their spouse.