Many families are shocked to find out that the average cost of nursing home care can cost between $3,000-$8,000 per month, and that Medicare does not cover nursing home care on a long-term basis. Medicaid can be an option for paying for nursing home care for both married couples, and singles.
Texas Medicaid Eligibility
Medicaid will divide the assets an applicant owns into categories: exempt (valued at zero) and countable assets. Medicaid will limit the amount of countable assets a person applying for Medicaid can keep and qualify for benefits.
Married couples are allowed to keep more countable assets than a single person if one spouse is living at home, and one spouse is residing in a nursing home.
A single person can only keep $2,000 in countable assets, and a married couple’s countable assets will be determined by several factors, including the amount of certain types of income the spouses receive.
There are many different strategies available to achieve Medicaid asset qualification, and the Law Office of Christina Lesher, can assist you in determining the best option for your family.
Medicaid will also limit the amount of income an applicant can receive each month, and if the person makes too much in monthly income, then a Miller Trust will be necessary in order to meet the income test for Medicaid.
Medicaid will also require the applicant be in a Medicaid nursing home, be in a Medicaid bed, and meet Medicaid’s medical necessity test. Christina Lesher will review these requirements with you, and provide guidance and assistance in meeting all of Medicaid’s requirements.
To get help with Medicaid Planning for you or a loved one, call Christina Lesher at (713) 529-5900.
Submit your review