Medicaid pays almost the entire cost of nursing home care for those who qualify. Regulations pertaining to eligibility are complex and confusing, and many people do not know what to do. They think that they must spend down their assets or purchase an annuity. These actions are often unnecessary. For couples with only one spouse in a nursing home, there are significant financial protections for the spouse who remains at home (i.e., the "community spouse").
With the tremendous advances in medicine and other contributing factors, healthcare costs are rising at an alarming rate, meaning that there is a genuine need for asset protection in the world today. Will you be able to afford nursing home or other long term care without losing all of your assets? As your Medicaid planning attorney, Wright Abshire can help you protect your assets from the cost of nursing home or other long-term care expenses while providing security for your spouse and a legacy for your children. Make sure that your assets are protected with expert Medicaid estate planning.
For our list of all Medicaid accepting nursing homes in Houston and surrounding areas, enter your contact information on the Request Info page and we will be happy to send it to you along with a packet of information about our firm.
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