Life can be full of surprises.

Your Nursing home costs don’t have to be one of them.

Whether you’re looking ahead a few years, planning for something long down the road, or preparing for an upcoming transition, now is the time to consider nursing home costs and Medicaid.

Or Call 972-560-6288

What are some common conditions that may need Medicaid assistance?

  • Parkinson’s Disease
  • MS / Multiple Sclerosis
  • Alzheimer’s and Early On Set Alzheimer’s
  • Dementia and Early On Set Dementia
  • ALS / Lou Gehrig’s Disease
  • Long-term care
  • Long-term rehabilitation
  • Long-term disability

Can I afford nursing home (long-term) care? Will it bankrupt me?

You may have heard of “nursing home poverty”–without proper planning, this is a reality for far too many people. The average cost of a nursing home stay in Texas is $5,931/month. So if both people in a couple need a nursing home stay, you’re looking at nearly $12,000/month! While this amount may seem daunting, we offer our clients assistance in applying for Medicaid, which can cover these costs. 

Medicaid is a federal-state entitlement program that pays for medical services on behalf eligible persons. Medicaid is different than Medicare, which is the health insurance offered to everyone over the age of 65 and covers the expenses typical for health insurance, such as doctor’s visits, hospital stays, surgery, and lab tests.

Do I qualify for Medicaid?

To qualify for Medicaid, you need to pass an income test and an asset test. This is where things can get complicated. The qualifications change based on criteria like marital status, the medical needs of each person in the couple, the type of assets, the state in which the assets are located, and so on. Because it can be so involved, we encourage clients to work with us to create a clear and proactive plan to protect as many assets as possible and still qualify for the assistance they require.

Can Medicaid take my house after I die?

Thanks to MERP (Medicaid Estate Recovery Program), the home of a deceased person who received financial aid for a nursing home stay could be recovered by the state to “pay back” the program.  But by working with an estate planning attorney who understands the Medicaid system, there are options available that will prevent the government from being allowed to claim the home.

Will giving away my assets help me qualify for Medicaid?

Time is of the essence when facing a long-term care decision. There are particular timelines you must follow if you hope to protect all of your assets.  You’ll need to have a plan in motion five years before you apply for Medicaid if you want to protect 100% of your assets.

If you are looking at a transition sooner than five years, Crain & Wooley can also help you create an emergency nursing home plan. An emergency plan can not protect all assets, but we can protect a significant portion. 

Get Peace of Mind For You and Your Loved Ones

While each of these worries are valid, they don’t have to be your burden to bear. At Crain & Wooley, we make sure we’re the most knowledgeable estate-planning law firm in the DFW area so we can offer you peace of mind and protection in each phase of life.

 

Every few years, the Medicaid eligibility rules change, making it hard for individuals and families to protect their assets and qualify for Medicaid. Thankfully, there is a way to avoid losing your hard-earned assets should you need long-term care.

Schedule a Free Consultation.

It’s time to plan for the future.

We hope this helps answer some of your questions about Medicaid and nursing home costs. At Crain & Wooley, we want to take the surprises out of estate planning, so you can walk forward with protection and peace of mind.

Get Questions Answered

Satisfied Client Stories

“Justin was professional, knowledgeable and personable and made our estate planning easy and very organized. He was flexible in creating our trust quickly and explained the legalese of the trust process. We would recommend his services to friends and family.”

Diane Hickman of Frisco, Texas

“Getting this trust is the best thing in 48 years we have done. We now have peace of mind knowing our daughters will have no question or problem upon our passing. All information is very clear of what we want. Justin made it very easy for us with no work on our part except getting him the papers he asked for. Thank you very much!”

Mike and Carolyn Dickey of Dallas, Texas

Thanks Justin! You and your staff were top notch – thorough, patient and friendly. I had been putting off getting a trust set up. When I went to your luncheon seminar, I knew you were knowledgeable. I signed up right away. I am so glad I chose you!

Sandra Solis of Dallas, TX

Estate-planning services designed for your comfort and convenience.

It can be hard to take that first (or next) step in planning for the future. We want to make this process as easy as possible for you, which is why we’ve built our firm around:

Flat-Rate Pricing*

Finally, you won’t need a lawyer to understand your legal fees. We clearly communicate our pricing structure upfront, so you can feel comfortable with our service from start to finish. No surprises, no hidden fees.

*Our flat rate fees apply only to proactive planning services.

Optional Lifetime Guarantee

With our optional lifetime guarantee, your will and trust will be automatically updated over the years to ensure it stays current with best practices, reflects your current wishes and minimizes future confusion for your family.

Expert Service

Laws change all the time. We stay up to date with all the latest information so that you’re covered. No one else in the region is as dedicated to or educated in this area of law. We’re the experts so you don’t have to be.

SCHEDULE YOUR FREE CONSULTATION TODAY!

Jacob K. Wooley, PLLC

DBA Crain & Wooley

MANSFIELD

1703 Fountainview Dr., Suite 103 Mansfield, Texas 76063

682-422-6495

jacob@crainwooley.law | joy@crainwooley.law

Justin T. Crain, PLLC

DBA Crain & Wooley

PLANO – PRINCIPAL OFFICE

660 North Central Expressway Ste 210 Plano, TX 75074

972-560-6288

justin@crainwooley.law | joy@crainwooley.law