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Kate Ashford

๐Ÿ‘ค Speaker
701 total appearances

Appearances Over Time

Podcast Appearances

NerdWallet's Smart Money Podcast
Long-Term Care Costs: Medicaid vs Private Pay, Plus Talking Money While Dating

I think you have to decide, you know, if my loved one beats the odds and lives for another 20 years, could we manage that?

NerdWallet's Smart Money Podcast
Long-Term Care Costs: Medicaid vs Private Pay, Plus Talking Money While Dating

Or, you know, what do the numbers look like if that happens?

NerdWallet's Smart Money Podcast
Long-Term Care Costs: Medicaid vs Private Pay, Plus Talking Money While Dating

You just have to build that into your equation.

NerdWallet's Smart Money Podcast
Long-Term Care Costs: Medicaid vs Private Pay, Plus Talking Money While Dating

I feel like if you if you normalize talking about it, it becomes less taboo and weird and depressing.

NerdWallet's Smart Money Podcast
Long-Term Care Costs: Medicaid vs Private Pay, Plus Talking Money While Dating

It's just you're just talking about it the way you would talk about any financial planning topic.

NerdWallet's Smart Money Podcast
Long-Term Care Costs: Medicaid vs Private Pay, Plus Talking Money While Dating

Right.

NerdWallet's Smart Money Podcast
Long-Term Care Costs: Medicaid vs Private Pay, Plus Talking Money While Dating

It is something that comes up for everybody.

NerdWallet's Smart Money Podcast
Long-Term Care Costs: Medicaid vs Private Pay, Plus Talking Money While Dating

Yeah.

NerdWallet's Smart Money Podcast
Long-Term Care Costs: Medicaid vs Private Pay, Plus Talking Money While Dating

Absolutely.

NerdWallet's Smart Money Podcast
Long-Term Care Costs: Medicaid vs Private Pay, Plus Talking Money While Dating

I feel like my answer to all of your questions today is, it depends.

NerdWallet's Smart Money Podcast
Long-Term Care Costs: Medicaid vs Private Pay, Plus Talking Money While Dating

And Medicaid is kind of like that.

NerdWallet's Smart Money Podcast
Long-Term Care Costs: Medicaid vs Private Pay, Plus Talking Money While Dating

It's administered by state.

NerdWallet's Smart Money Podcast
Long-Term Care Costs: Medicaid vs Private Pay, Plus Talking Money While Dating

The rules vary by state.

NerdWallet's Smart Money Podcast
Long-Term Care Costs: Medicaid vs Private Pay, Plus Talking Money While Dating

So it's kind of hard to generalize.

NerdWallet's Smart Money Podcast
Long-Term Care Costs: Medicaid vs Private Pay, Plus Talking Money While Dating

And there is no central process.

NerdWallet's Smart Money Podcast
Long-Term Care Costs: Medicaid vs Private Pay, Plus Talking Money While Dating

So that's super helpful.

NerdWallet's Smart Money Podcast
Long-Term Care Costs: Medicaid vs Private Pay, Plus Talking Money While Dating

In the most general sense, qualifying for Medicaid as an older person is going to be income-based.

NerdWallet's Smart Money Podcast
Long-Term Care Costs: Medicaid vs Private Pay, Plus Talking Money While Dating

You typically must have income and assets below a certain level.

NerdWallet's Smart Money Podcast
Long-Term Care Costs: Medicaid vs Private Pay, Plus Talking Money While Dating

That's going to depend on your state.

NerdWallet's Smart Money Podcast
Long-Term Care Costs: Medicaid vs Private Pay, Plus Talking Money While Dating

There are people in your state who are going to have information about this.