Medicaid is the only public program that pays for long-term care in a nursing home. To qualify, the person requiring care (who is the applicant for Medicaid purposes) must meet strict income and assets limits. With proper planning by a knowledgeable elder law attorney, you may be able to substantially reduce the amount of money […]
When it comes to Medicaid Estate Planning there are two kinds families face: Crisis Planning and Pre-Planning. Crisis planning, by far the most common situation, has two big components. First, a family member is either currently in a nursing home or is about to be admitted to one from their current residence or the hospital. […]
Applying for Texas Medicaid Nursing home benefits offers critically important financial assistance to Texas seniors. Without this help elders requiring care would be exposed to unsafe living conditions at home. If you’re like most folks, the idea of going toe-to-toe with a government bureaucracy is intimidating. Frankly, you have good reason to be concerned. Medicaid […]
The aim of Medicaid asset protection is to preserve a lifetime of savings from the high cost of nursing home care. Think about this for a minute. Do you want to spend all the money that you’ve saved throughout your life on nursing home care? Or do you want prefer to leave it to your […]
If your spouse or elderly family member lives in a nursing home or likely to enter a one soon, you may have the option to: Shrink (and in some cases completely stop paying) your nursing home bills Preserve the life savings you’ve worked a lifetime to accumulate Increase the amount of money you keep Provide […]
Medicaid Nursing Home Services in Harris County, Texas You can qualify for financial help to pay the high cost of Texas Medicaid approved nursing homes. But, it’s important to know how Medicaid and a nursing facility work before you start working on the application. No matter how you slice it, Texas skilled nursing facilities are expensive. *How much […]
Most people are not aware of gifts exempt from Medicaid penalty. The common belief is Medicaid rules prohibit making gifts when a family member needs nursing home care. Medicaid gifting rules actually encourages certain transfers. Misunderstanding these rules can financially devastate your family. The annual costs of nursing home care in the Texas metropolitan areas […]
