Effective Texas Medicaid Planning Strategies May Help You Retain Your Assets

We have heard of stories of people the finances of whom have been wrecked beyond repair due to the enormous amounts they spend for the hospitalization and medical care of the ailing members of their families. But, thanks to Medicaid Planning, long-term medical care is now available in Texas and families can ensure to have asset protection for medicaid. This means that they need not become poor for giving appropriate medical treatment to their ailing members.

In 1965 Medicaid was introduced but, during the early days, it covered only the needs of poor people and more particularly, children, because the intention was to provide only basic healthcare. A lot of changes have happened since then and the Plan that is now in vogue provides a more pervasive long-term health care. The Medicaid Plan has been expanded to nursing homes, private homes, assisted living facilities and other settings of similar nature.

One of the salient features of Medicaid Planning is that the financial criteria for applicants are very restrictive. But, at the same time, it is wrong to assume that every benefit will be available to all the Medicaid recipients because the plans come with certain eligibility criteria.

Consult The Experts Because Medicaid Rules Are Complex

You should seek the guidance of an expert for your Medicaid planning strategies because you may find that the rules and the eligibility criteria of the plans are highly complex. If you hesitate to seek such a guidance, you may be forced to spend huge amounts for getting a good care from a nursing home whereas an attorney who is an expert in elder law medicaid planning may help you suitably to protect your savings and also to get long-term health care.


Further, every state has its own laws governing both the benefits and the eligibility requirements and the expert you consult will plan your Medicaid as per the prevailing laws of the state in which you live. If you leave the State of Texas to live in another state, you may have to make suitable changes to your Medicaid Planning. Likewise, if someone shifts to Texas, they should also make the necessary changes to their plans.

Devising Suitable Strategies Is Important

People may desire to have long-term healthcare according to their needs and also the nature of their impairments. A few people may wish to have it at a nursing home and a few others may opt for facilities like Assisted Living or Private Homes. Whatever may be the wish or needs of these people, if they ensure to devise proper Medicaid planning strategies, they can have appropriate long-term health care.

There are two categories in Medicaid and they are the long-term health care and the other care. In the latter category, general diagnostics, general treatments and preventive medicine as well as surgeries are taken care of. But, in the case of long-term health care, the entire nursing home costs, all the charges levied by Assisted Living facilities and expenses that may be incurred for the care of individuals in private homes are covered. Irrespective of the category, all the applicants must fulfill the financial eligibility criteria but, those who may seek long-term health care must demonstrate that they cannot live independently.

There Are Genuine Ways To Ensure Asset Protection

Many people have a wrong notion that in Medicaid Planning, assets will be hidden to get the benefits. But, on the contrary, hiding assets or giving false information while filling the Medicaid applications will be viewed seriously. It is by maximizing the CSRA and the income allowances of the spouse and by changing the countable resources that are in excess into items that are exempt, the clients are helped to have asset protection for medicaid.

From this, it is very much evident that with the help of attorneys who are experts in elder law medicaid planning, people can avert financial wrecks by obtaining Medicaid for providing long-term health care to their loved ones. But, they should seek the guidance of experts and professionals because the rules and eligibility criteria are quite complex.

Medicaid Planning | Asset Protection for Medicaid