2013 Nursing Home Costs Up 9%

ByRichard Shea September 17, 2013July 6, 2016

The Texas HHSC recently completed their annual review of nursing home costs in Texas. The new daily rate they found is $156.34. The previous daily rate was $142.92. It is deja vu all over again because this is an increase of over 9% in one year just as it was with the previous revision.

For one year, the average nursing home costs in Texas now exceeds $57,000! How long can your family afford to keep up at that rate? If you have a family member or spouse already in a nursing home it is more important than ever to review your situation with an experienced Woodlands Medicaid attorney that can help you pay for the nursing home without going broke. Not taking advantage of this opportunity can cost you $57,000 or more, every year.

The average nursing home costs is also used to calculate how long a Medicaid penalty will last for any gifts or other transactions subject to penalties. For every $156.34 a Medicaid applicant gives away or transfers inappropriately they will be ineligible for Medicaid for one day.

When you are tired of paying endless nursing home bills give me a call at (832) 592-7913 or send me a message using the form to the right of the screen and let’s see what we can do.

Medicaid Asset Protection

A Cheap Power of Attorney Can Be Very Expensive

ByRichard Shea July 28, 2014November 18, 2017

When you hear someone has Power of Attorney for a parent or spouse you probably think every person has the same powers. That actually could not be further from the truth. The powers given to a spouse or child in a Power of Attorney are defined by the document itself and the document can either…

Medicaid Eligibility

A Medicaid Penalty is Presumed Against You for Certain Transactions

ByRichard Shea January 12, 2016June 2, 2024

A lot of people get confused about Medicaid penalties. How does the HHSC discover transactions that might create penalties and how do they determine if there is a Medicaid nursing home penalty? Today I am going to go through a sample Medicaid nursing home penalty scenario so you can get a better idea of how…

Medicaid Eligibility

Nursing Home Medicaid for 2013

ByRichard Shea February 4, 2013June 29, 2016

*This post was for 2013*. Here are the current nursing home Medicaid asset and income limits. Certain numbers used to determine eligibility for Texas nursing home Medicaid benefits are subject to change every January 1st. For 2013 there was an increase in the monthly income limit and no change in the resource limit applied to…

Medicaid Nursing Homes

2013 Annual Cost of Long Term Care Survey

ByRichard Shea April 22, 2013July 31, 2016

Genworth recently completed their annual cost of care survey for 2013 in Texas. Unfortunately the cost of care keeps going up in Texas. In the Houston area, Homemaker services average an annual cost of $45,188 per year and have grown at a 2% annual rate; Home Health Aide services average an annual cost of $46,332…

Medicaid Asset Protection

The Spousal Protected Resource Amount

ByRichard Shea January 16, 2009November 18, 2017

This is the first in a series discussing the key terms and principles you will encounter when applying for Texas Medicaid nursing home benefits. We will begin with the SPRA, or Spousal Protected Resource Amount. The Spousal Protected Resource Amount refers to the value of assets the “community spouse” is allowed to keep while the…

Medicaid Asset Protection

Can You Give These Gifts and Still Get Texas Nursing Home Medicaid?

ByRichard Shea February 20, 2010November 18, 2017

You aren’t the only person looking for a way to protect assets from those huge nursing home bills. While many people make hasty mistakes, you are at least doing your research to avoid those mistakes. So let’s talk about giving things away. Too many people don’t even recognize transactions they are making are actually penalized…

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