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In this video, Lynn St. Louis, an estate planning and elder law attorney, explains asset protection against Medicaid's look-back period. St. Louis emphasizes the importance of Medicaid planning, a niche area with few attorneys specializing in it, to safeguard clients' hard-earned assets from being spent on long-term care or subjected to estate recovery by the state. She shares her personal experience caring for her parents for 14 years, highlighting the relevance of Medicaid since it is the primary payer for long-term care costs, contrary to common misconceptions about Medicare. The discussion indicates that Medicaid operates as an impoverishment program for singles.
