Texas Medicaid Planning – Protecting Your Home and Life Savings from Nursing Home Costs
July 7, 2025
If you or a loved one ever needs long-term care—such as a nursing home—you might be shocked by the cost. In Texas, nursing home care averages $5,000 to $7,000 per month, and Medicare does not cover extended stays.
🧠 What Is Medicaid Planning?
Medicaid planning is the process of legally restructuring your finances and property to meet Texas Medicaid’s strict eligibility rules without having to spend down all your assets.
💡 Key Strategies We Use:
- Qualified Income Trusts (Miller Trusts)
- Used when your income exceeds Medicaid’s limits
- Allows you to qualify while redirecting income legally
- Asset Transfers & Irrevocable Trusts
- Allows you to protect your home, savings, or family farm
- Must be done at least 5 years before applying for Medicaid due to the "lookback" rule
- Spousal Protections
- We ensure the healthy spouse (community spouse) can keep enough income and assets to live on comfortably
🏡 Can I Keep My Home and Still Qualify for Medicaid?
Yes. In Texas, your primary residence is generally exempt, up to a certain equity limit—but without proper planning, the state may place a Medicaid estate recovery claim after your death. The right strategy can prevent this from happening.
✅ Bottom Line:
Don’t wait until it’s too late. With the right Medicaid planning, you can get the care you need while protecting your family’s financial legacy.
📞 Call The Barber Law Office today at (281) 464‑5297.