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Jersey Village, TX Medicaid Planning Lawyer

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When you reach your golden years, you know that there are certain challenges, particularly legal challenges, that need to be addressed in order for you to live peacefully during your retirement. One such challenge is planning for if and when you eventually need nursing home care. The best way to do so is by working with a Jersey Village Medicaid planning lawyer who can provide coverage for such eventualities.

Michelle E. Murphy has been helping with estate planning challenges, including Medicaid planning, for over 20 years. She can walk you through what you need to do in order to qualify for Medicaid and ensure that you are covered for the future. Reach out to schedule a free consultation and learn how you can attain peace of mind for this next exciting stage of life.

Jersey Village Medicaid Planning Lawyer

What Is A Medicaid Plan And Why Do I Need One?

Medicaid is a needs-based government program that subsidizes healthcare costs for low-income individuals. It is also the best option for covering nursing home care needs, which is not the case for other programs such as Medicare.

Most citizens will need the help of a nursing home eventually, and nursing home care does not come cheap. In fact, not only is nursing home care not covered by Medicare, the costs of a private room outstrip the average income for a family in Texas. Therefore, if you need to enter a nursing home and you do not have Medicaid, your options are few. They include:

  • Using your own savings and wealth, which means that there would be less money or even no money at all being passed down to your family. This strategy could also mean you go into debt if you do not have enough saved up.
  • Relying on funds from your family, which puts undue burden and stress on them. Again, good nursing home care can cost more than many family incomes, so this is most likely not a realistic plan for the future.
  • Relying on your family to take care of you at home, which again puts undue burden and stress on them, and might not be feasible if you need specialized assistance.

So, this in mind, how do you ensure that you are covered by Medicaid when the time comes?

Medicaid planning is the process by which a person is able to collaborate with an experienced lawyer in order to qualify for Medicaid. Our Jersey Village Medicaid planning lawyer can rearrange your assets so that you are within the acceptable limitations for eligibility.

When Should I Begin Medicaid Planning?

It’s never too early to begin any part of your estate planning journey, which includes Medicaid planning. With Medicaid especially it’s better to start sooner rather than later because there is a limit for how many assets you can own in order to be Medicaid eligible. Part of the Medicaid qualification procedure includes a five-year look-back period to search for large asset transfers, including cash transfers, which can disqualify you from Medicaid. Working with our qualified lawyer ensures that you are going about this process legally instead of hiding assets, which would be illegal.

Our Jersey Village Medicaid Planning Lawyer Can Strategize Your Medicaid Plan With You

Attorney Michelle E. Murphy has been helping her clients with Medicaid planning for over 20 years. She cares deeply about each of her clients and seeks to offer them personalized care. She can help you meet your Medicaid planning goals and even help you with the tedious paperwork that will get you qualified. Also, if you have limited mobility, don’t fear–Michelle E. Murphy takes virtual meetings, as well! Reach out to schedule a free consultation and learn how she can help you ensure security for your future.

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Ms. Murphy made sure to use all of her resources and did everything legally possible to help me. She fought harder than other lawyers out there and found ways to make everything work in my favor. I really appreciate how she helped me and made me feel at ease under the worst circumstances. I recommend her highly.

Roxanne

The Law Office Of Michelle E. Murphy

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