Planning for Long-Term Care in Arizona: An Introduction to Medicaid (ALTCS)

Episode Summary: Allison Manning sheds light on Arizona's long-term care system, explaining how it differs from standard health insurance and what types of care it covers. Delving into misconceptions about long-term care funding, she emphasizes the importance of proper planning to navigate Medicaid eligibility effectively. Key Timestamps: 00:00 – Introduction to Building Your Legacy in Southern Arizona 00:45 – What is ALTCS? How It Differs from Health Insurance and Medicare 02:00 – Biggest Misconceptions About ALTCS and Long-Term Care Coverage 03:15 – Exempt vs. Countable Assets: Do You Really Have to Be “Broke”? 04:30 – Arizona as an Income Cap State – Limits and the Qualified Income Trust Solution 05:00 – Community Spouse Resource Allowance (CSRA): Protecting the Healthy Spouse 06:30 – The 60-Month Look-Back Rule and Risks of Gifting Assets 08:00 – The Critical 90-Day Application Window and Why Planning Ahead Matters 09:15 – First Step: Consult an Elder Law Attorney to Avoid Costly Mistakes 10:00 – Final Advice, Closing Remarks, and Call to Action at alisonmanninglaw.com About the Show: *Building Your Legacy: Southern Arizona Estate Planning With Allison Manning* is a podcast series dedicated to estate planning insights and strategies. Join Allison Manning as she unravels legal tools for securing peace of mind and protecting your family's future.