018: Margie Albete and Zaira Katsuda Teach Us How to Apply for Medicaid

Taking Care of Tutu - Navigating Estate Planning and Probate with Aloha

We’re delighted to chat with Margie Albete and Zaira Katsuda from Hale Makua Health Services. With Margie’s amazing 41 years of experience in financial counseling and admissions, paired with Zaira's expertise on the nursing side, we explore the meticulous process of ensuring potential residents meet both clinical and financial qualifications. Their guidance will equip you to confidently manage the admissions process and secure the best care for your loved ones.

Join us as we unravel the emotional and logistical challenges that families face when dealing with Medicaid eligibility. From understanding the state’s intricate asset criteria and five-year look-back period to navigating property transfers, our discussion sheds light on common missteps and offers solutions to avoid costly penalties. Through real-life stories, such as a Lahaina family affected by the fires, we highlight the resilience required in overcoming unexpected hurdles and the importance of professional guidance in achieving eligibility.

We take a deep dive into revocable and irrevocable trusts in Medicaid planning, covering the nuances of Hawaii state regulations and the implications of trust-to-trust transfers. From the challenges of joint bank accounts to the strategic use of life estates and leasebacks, we provide a comprehensive guide to safeguarding your family's financial future amidst the demands of long-term care.

In this episode, you will hear:

• Insights on Hawaii Medicaid and long-term care admissions processes
• Challenges families face with Medicaid eligibility, including asset criteria and the five-year look-back period.
• Importance of professional guidance in managing property transfers and avoiding penalties.
• Detailed exploration of revocable and irrevocable trusts in Medicaid planning.
• Strategies for asset protection, including life estates and leasebacks.
• Emphasis on the collaboration between clinical and financial assessments in the admissions process.

Resources from this Episode

https://www.halemakua.org/

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Episode Credits

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