The way Texas treats income eligibility for Medicaid nursing home benefits is tragic. According to the Texas Department of Human Services, the average costs for care is about $7,233 each and every month. In the Houston area, costs can easily run over that. Few people can afford to pay that kind of money so they […]
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 […]
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 […]
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. […]
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 […]
Medicaid Spend-Down Explained When a person’s assets exceed the strict limits set by Medicaid, one solution is a Medicaid spend down. “Spend down” simply means reducing what are known as “countable resources” to the amount the person needing care is allowed to keep. In this article, you’ll get a better understanding of what a Medicaid […]
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When an attorney says he or she “practices elder law” find out what types of matters the attorney normally handles. The key to finding the right lawyer for you is simple: engage an attorney who routinely addresses the types of problems that concern you. Just as most doctors are not skilled in every facet of […]
One of the most persistent myths is that a Miller Trust in Texas can protect assets from Medicaid. I don’t know why this misunderstanding persists, but it does. The truth is simple: you cannot use a Miller Trust in Texas to shelter assets. If you try, you invalidate the trust and lose benefits. For families who don’t […]
Miller Trusts in Texas: Why Timing Is Important A misunderstood ideas is about the best time to set up a Miller Trusts to become eligibility for benefits. Anyone who applies for Medicaid and has a gross monthly income over the limit (for 2019, $2,313) won’t qualify without a properly funded Qualifying Income Trust (the formal […]
