Episode Summary
In this episode of Estate Planning Beyond the Binder, Brian Chew breaks down the complex world of Medi-Cal planning for California families. He explains how seniors can protect their homes and assets while still qualifying for long-term care benefits. Brian clears up common misconceptions, discusses the 30-month look-back period, and shares practical strategies for avoiding costly mistakes.
What You Will Learn in This Episode
- What Medi-Cal is and how it helps cover long-term care costs
- The difference between nursing homes, assisted living, and board-and-care facilities
- Asset and income rules for Medi-Cal eligibility
- How the 30-month look-back period works in California
- Common mistakes families make when transferring property or assets
- How revocable and irrevocable trusts impact Medi-Cal and estate recovery
- Why planning ahead is key to protecting your home and preserving family wealth
Key Timestamps
00:02:00 – What Medi-Cal covers and how it differs from Medicare
00:05:00 – Assets you can keep and the $2,000 financial limit explained
00:07:30 – Understanding California’s 30-month look-back period
00:10:00 – The role of trusts in Medi-Cal planning and estate recovery
00:13:00 – When and how to start planning for long-term care costs
00:15:00 – Analyzing assets and choosing the right strategy for your family
Show Description
Medi-Cal planning can be overwhelming, especially when trying to protect a family home or life savings. In this episode, Brian Chew of OC Wills and Trusts explains how Medi-Cal works in California, the eligibility requirements, and the strategies families can use to preserve their assets while qualifying for long-term care coverage. From understanding exempt assets to navigating the look-back period, Brian shares insights that help families avoid common pitfalls and make informed decisions about their future.
