Are you afraid that nursing home care for a loved one may force you to spend your life savings or give up your home?
We have good news! Medicaid, a government program, pays for all or a part of long-term nursing home care.
Yes, you need to qualify for this program. The key is proper legal planning—much like you do with your will or trust.
Using legal tools, you may be able to protect your home and car, plus keep most of your savings, checking, and retirement income.
How does this work?
Create a Miller Trust (also called a Qualified Income Trust or QIT)
A Miller Trust moves income that exceeds the monthly income limit to qualify for Medicaid.
If you do not use a Miller Trust, a single person in need of nursing home care with gross countable income greater than $2,829 is not eligible for Medicaid benefits.
Medicaid Income Limits – 2024 – With no Miller Trust
In need of nursing home – monthly income limit $2,829
Spouse in need of nursing home - monthly income limit $2,829
Spouse who does not need nursing home No Limit
Spousal Monthly Allowance
(income from spouse in nursing home
can be diverted to other spouse) $3,853.50
Note: If combined incomes of both spouses are below the $3,853.50 income spousal monthly allowance, the Spouse who does not need nursing home care can usually keep more (formula for expansion)
Both need nursing home - monthly limit $5,658
Single Person – monthly Social Security income limit $ 943
Married Couple - monthly Social Security income limit $1,415
Medicaid Countable Asset Limitations – 2024
Single Person who needs nursing home care $2,000
Spouse who needs nursing home care $2,000
Spouse who does not need nursing home
can keep up to this amount $30,828 - $154,140
Other Medicaid Limits
Personal Needs Allowance $75
Maximum Homestead Equity Limit (with exceptions) $713,000
We're glad to answer questions or get started with helping you determine if you or a loved one qualifies for Medicaid-paid nursing home care. Give us a call today to schedule a lawyer consultation at 817-638-2022.
Serving Denton County, Wise County, Tarrant County, and the surrounding area including Argyle, Lantana, Bartonville, Highland Village, Robson Ranch, Flower Mound, Lewisville, and Decatur
2650 FM 407, ARGYLE, TEXAS 76226
Weaver Firm Attorneys
Travis Weaver, Attorney - Denton County
Sara Correa, Attorney - denton county
Bartonville Town Center
Rick WeaveR, Attorney - Wise County
Rhome, TX 76078 | 817-638-9016
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