How Prepaying a Funeral Works, and Why Medicaid Can't Touch It | Matt Grieco

Prepaying a funeral locks in today's price, follows you to any funeral home, and is one of the few assets Medicaid cannot count against you. In this episode, Matt Grieco, funeral director of 25 years and owner of Naugle Funeral & Cremation Service in Quakertown, Pennsylvania, sits down with host Niki Weiss and her husband Chuck to walk through how prefunding a funeral actually works, what it does and does not guarantee, and when people tend to do it. CHAPTERS 0:00 Prefunding a funeral: insurance policy or trust 0:50 How the policy works: today's price, guaranteed for life 1:43 What is not guaranteed, and why it transfers anywhere 2:54 The surprise next of kin get: "it's all taken care of" 3:39 Medicaid spend-down, and why a funeral policy is protected 5:04 When people prefund: the average age is 65 to 75 6:03 The four versions of preplanning 6:36 Why the funeral is the first step in the grief process 7:43 Meeting the funeral director and getting it on paper 8:27 Funding it, and talking to your financial advisor first 9:02 Death and money, and telling the kids about the "hot date" 9:57 Why 30-somethings say "Dad, I don't want to talk about it" WHAT YOU WILL LEARN - How a prefunded funeral works: the funeral home's price today, placed in an insurance policy that grows to cover future increases - What the guarantee does not cover: cemetery fees, death certificates, and the obituary - Why the policy is fully transferable if you move, the funeral home closes, or your family chooses another provider - Why a prefunded funeral is not counted as an asset in a Medicaid spend-down, and why many families never hear this - Matt's four versions of preplanning: tell your next of kin, meet the funeral director, get it on paper, fund it - Why 65 to 75 is the typical age people walk in, and why Matt is seeing the conversation start earlier Start your plan and take the free assessment: https://finalplaybook.com/main-page LISTEN TO THE PODCAST Apple Podcasts: https://podcasts.apple.com/us/podcast/death-and-dying-in-the-digital-age/id1775499012 Spotify: https://open.spotify.com/show/2MQkOgvyPQnLEz1fO9BHkY Subscribe: @DigitalLegacyPodcast FOLLOW US Instagram: https://www.instagram.com/endevo_digitallegacy/ TikTok: https://www.tiktok.com/@endevo_digitallegacy Facebook: https://www.facebook.com/endevo.digitallegacy Download the My Final Playbook app: Apple App Store: https://apps.apple.com/us/app/my-final-playbook/id6791298756 Google Play: https://play.google.com/store/apps/details?id=endevo.life.finalplaybook #deathanddyinginthedigitalage #ENDevo #digitallegacy #myfinalplaybook Disclaimer: This channel is for educational purposes only and does not provide medical, legal, or financial advice.