At our law offices, we understand that planning for long-term care can be overwhelming. Whether you’re planning ahead or facing an unexpected need for nursing home care, we’re here to help you navigate the Medicaid planning process. Conveniently located in Texas, our entire staff cares about your unique situation.
Medicaid Pre-Planning
Medicaid planning involves preparing for potential long-term care needs before they arise. Many people don’t realize the benefits available through Medicaid for covering long-term care costs. By starting early, you can explore various options and make informed decisions about your future care.
Why Start Early?
- More Options: The earlier you start, the more planning options are available.
- Peace of Mind: Knowing you have a plan in place can reduce stress for you and your loved ones.
- Financial Security: Proper planning can help protect your assets.
Crisis Planning Assistance
Unfortunately, many families only consider Medicaid planning when an urgent medical situation arises. This can involve a sudden hospital stay followed by a need for 24-hour skilled nursing care. In these cases, it’s essential to act quickly to preserve assets and secure Medicaid eligibility.
Common Crisis Planning Strategies:
- Medicaid Qualified Irrevocable Income Only Trusts: Protects income while qualifying for Medicaid.
- Personal Services Contracts: Allows payment for care services provided by family members.
- Pooled Trusts: Helps preserve assets for disabled individuals.
- Promissory Notes and Loans: Legal strategies to manage excess assets.
- Purchasing Income-Producing Property: Converts assets into income.
- Permissible Asset Transfers: Legal transfers that don’t affect eligibility.
- Caretaker Agreements: Agreements for family members providing care.
- Home Improvements: Using funds for necessary home repairs or medical devices.
- Pre-Paid Funeral and Burial Agreements: Prepares for future expenses.
Paying for Nursing Home Care
When nursing home care is needed, and you haven’t prepared, there are two main options:
- Pay Out-of-Pocket: In Texas, the cost of a private room in a nursing home averages $6,388/month, while a semi-private room costs around $5,019/month. This can quickly deplete your savings.
- Qualify for Medicaid: Medicaid can cover these costs, but there are strict eligibility requirements. Without proper planning, you may have to spend down your assets to qualify.
Avoid Common Mistakes
When facing a sudden need for long-term care, avoid these mistakes:
- Giving Away Assets: Don’t give away assets to meet Medicaid’s asset limit.
- Selling Exempt Assets: Don’t sell your home or car, as these are usually exempt from Medicaid’s calculations.
- Unplanned Spending: Don’t spend down your savings without consulting a Medicaid planning attorney.
When to Consider Medicaid Crisis Planning
If you or a loved one is in or about to enter a nursing home, it’s time to speak with an elder law attorney. A Medicaid crisis plan can help you qualify for benefits without depleting your assets.
Why Work with McGee Law Firm?
Medicaid planning can be complicated, but with the help of an experienced attorney, you can protect your financial future. At the McGee Law Firm, we specialize in both pre-planning and crisis planning for Medicaid. Our goal is to provide clear, practical advice tailored to your unique situation.
Contact Us Today
For help with Medicaid planning, call McGee Law Firm at (817) 899-3286. Our team is here to provide the support and guidance you need to ensure you and your loved ones receive the care you deserve without facing financial hardship.
Contact our offices if you would like to schedule a consultation. Whether you’re planning ahead or dealing with an urgent situation, McGee Law Firm is here to help you every step of the way.
- When Estate Planning Documents Say One Thing—and Mean Another - August 12, 2026
- Will My Estate Be Subject to Estate Taxes? - August 5, 2026
- Celebrity Estate Planning: Tony Hsieh’s Estate Is Back in the News - July 29, 2026