Don’t spend your LIFE SAVINGS
on a nursing home or home care expenses!
What is Medicaid for Long-Term Care?
Medicaid for long-term care is the program designed to assist nursing home residents with the staggering costs of their care. It is jointly funded by the state and the federal government.
What does Medicaid for Long-Term Care cover?
✓ Doctor bills
✓ Hospital bills
✓ Skilled nursing facilities
Plan today for a worry-free tomorrow!
For families of all financial backgrounds, the prospect of long-term care can be frightening. With nursing home costs averaging $8,000 to $10,000 per month in Texas, it’s not uncommon for families to blow through their entire life savings during the first 1 to 3 years of care.
Fortunately, there’s a better way to pay for the help you need!
You may be surprised to learn that the government will cover most, if not all of your long-term care costs under the Medicaid program, even if you believe that you have too many assets or too much income to qualify.
Need legal documents?
We have a network of Estate and Elder Law attorneys to refer you to!
Call (956) 793-3972 or email us for your free consultation and let us guide you through the process and complexities of locating and applying for benefits.
You CAN qualify!
You CAN qualify for benefits from the government to pay for your long-term care, without having to sacrifice everything you’ve worked so hard for during your lifetime.
This is accomplished through Medicaid planning, which is the use of legal tools and strategies approved by the state and federal government to help you reallocate assets and modify income streams in order to fall within Medicaid’s income and asset requirements.
With a solid Medicaid plan in place, qualification for benefits is easy and you’ll no longer have to worry about becoming a burden to loved ones or running out of money to pay for your continued care.
You will also enjoy the peace of mind knowing that your assets and income streams will stray preserved for a healthy spouse or a child with special needs still living at home. Your inheritance will transfer safely to your loved ones after your passing, rather than getting eaten up by nursing home costs.
Don’t lose out on benefits because of these myths!
Myth: You have to be impoverished to qualify!
FALSE! While Medicaid is a need-based program, the government approves the use of legal tools such as trusts, to help you reallocate assets and ultimately fall within Medicaid income and asset guidelines. The purpose of Medicaid is to prevent people of modest means from becoming impoverished because of a disability or long-term care need. Medicaid planning provides the best of both worlds to ensure you can receive government benefits without sacrificing your nest egg or entire life savings.
Myth: You’ll have to “spend down” any assets before you qualify!
FALSE! Sometimes people are provided with incorrect information about how to spend down assets, such as making gifts of your home or money in an improperly structured manner, selling your home and dividing your estate in order to qualify for Medicaid benefits.
Heeding this advice can actually cost your eligibility for Medicaid benefits in the future. Yes, you need to be within asset limitations, but there are better ways than “spending down” to reach them. Many things can be done to preserve your assets, safeguard your income and still qualify for Medicaid.
Myth: I have already been denied for benefits and do not qualify!
FALSE! It’s okay if you’ve been denied for Medicaid benefits in the past. This is why Medicaid planning exists, to help you make the necessary changes that will allow you to receive your benefits in the future. We can help you make such changes and reapply at the appropriate time.
Don’t wait! Learn how Medicaid benefits can significantly reduce or eliminate your long-term care costs!
Whether you are contemplating your long-term care options or you are already under nursing home care, RGV Senior Solutions can help you qualify for Medicaid benefits while also preserving your assets, legacy, and providing for the future security of your loved ones still at home.
To schedule your free consultation, call our office at (956) 793-3972!
2026 Texas Medicaid:
Maximum community spouse allowance: $162,660 (up to half of total assets)
Resource allowance for an individual: $2,000
Resource allowance for a couple (both in nursing home): $3,000
Maximum monthly maintenance allowance: $4,066.50
Monthly personal needs at home: $75
Daily penalty divisor: $262.37
Income cap amount: $2,982
About Charles Wood
Charles Wood is both a Certified Medicaid Planner and an Accredited Medicaid Planner who has helped thousands of families through all phases of the application process during his 35 years in the business. He has assisted all of these families with preserving assets and gaining eligibility for these long-term care programs.
Call (956)793-3972 or email us for your free consultation and let us guide you through the process and complexities of locating and applying for benefits.
Testimonials
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Call Us!
(956) 793-3972
Location
Chase Tower
200 S. 10th St
Suite 1209
McAllen, TX 78501
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