Pearland, TX Medicaid Planning Lawyer

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If you are planning for retirement, you are likely considering aspects like travel, downsizing, new hobbies, and time with your loved ones. Perhaps you are working out the financial prospects for a new fishing boat or the car you’ve always dreamed of owning. Perhaps you’ve even taken the time to set up a will or a trust to designate beneficiaries for when you are gone. All of these aspects of your retirement plan are important, but how much thought have you given to your eventual medical needs?

Meeting with a Pearland Medicaid planning lawyer is an essential aspect of your retirement plan. Nursing home care for seniors is prohibitively expensive, but working with an experienced lawyer like Michelle E. Murphy can give you an option that will allow you to pay for the care you need without dipping into the funds that you wish to leave behind for your loved ones. Call our firm today to schedule a free consultation and get started!

Pearland Medicaid Planning Lawyer

What Is Medicaid?

Medicaid is a needs-based government assistance program that provides health insurance to low income citizens. The state and federal governments subsidize this program for approximately 1 in 5 Americans, and individual states decide logistics that include eligibility and coverage guidelines. Medicaid is also the best option for covering nursing home costs; unlike Medicare, Medicaid provides for long-term care services, meaning its coverage is essential for many seniors. 

What Is Medicaid Planning?

Medicaid planning is the name for the process by which someone is able to qualify for coverage with the assistance of an experienced Medicaid planning lawyer. Medicaid has strict guidelines for eligibility, such as a limitation on the amount of assets you are allowed to have. A lawyer can help you qualify with strategies such as securing your assets in a trust or transferring them to your spouse. Note that it’s important to get started on this process right away as Medicaid has a five-year look back period specifically to look for large transactions that have the potential to disqualify you.

A common question is whether or not Medicaid planning is legal. The good news is that it is entirely legal! When you try to hide assets on your own in order to qualify, however, you are committing fraud. In order to ensure both the legality and efficacy of your Medicaid plan, you need to work with an experienced Pearland Medicaid planning lawyer like Michelle E. Murphy. 

Why Do I Need A Medicaid Plan?

Medicaid planning is your best option for affordable nursing home care. In the state of Texas, the average yearly cost of nursing home care is $61,000 – or more if you want a private room – while the annual income for the average senior is only about $52,000. Add on the fact that there’s a 70% chance a person aged 65 and older will eventually need nursing home care, and you begin to see the discrepancy that Medicaid planning helps fill. 

Without Medicaid, you will have three long-term care options:

  1. Use your own personal wealth. This is the option that a lot of people anticipate, though they are likely unaware of the exorbitant price of nursing homes. When you use your own money to cover the cost, you risk depleting your wealth before it can be inherited by your family. Potentially, you risk leaving nothing behind for them or even running out of money to pay the nursing home bills for you.

2. Have your family cover the cost. Naturally this option is unideal as it necessitates a high financial burden for your family, especially given the fact that nursing home care can cost more than the average annual income for many households.

3. Have your family care for you. Again, this option has the potential to put an undue burden on your family and might not even be a realistic option if you require specialized medical attention.

For these reasons, you can understand why Medicaid planning is an essential aspect for your retirement plan. It’s never too early to begin work on your plan, particularly with the required five-year look back period, so get in contact with our Pearland Medicaid planning lawyer today!

Reach Out To Our Dedicated Pearland Medicaid Planning Lawyer

Michelle E. Murphy has over twenty years of experience assisting people with qualifying for Medicaid. She offers personalized service and takes the time to work with you to tailor your plan to your specific needs. She cares deeply about helping her clients and offers house calls for those who have trouble with mobility or otherwise leaving the house. She’ll take care of the tedious paperwork for you so you can enjoy leisure time with your family in happy retirement years. Reach out today to schedule a free consultation and learn how Michelle E. Murphy can help you plan 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.


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