Houston Estate Planning and Elder Law Attorney Blog
As we age, we need more health services to maintain our quality of life. Unfortunately, in this day and age, necessary services can cost a fortune. At McCulloch & Miller, one of our specialties is Medicaid crisis planning, which helps clients prepare for possible health needs in the future. If you have not yet begun your Medicaid crisis planning process, contact a Houston elder law attorney that can help you get started.
What Services Might I Need?
Government estimates indicate that up to 70 percent of older individuals require long-term care at some point. As you age, you might need to move into a facility such as a nursing home or residential center. If you decide to stay in your home, you might need a fulltime or parttime nurse to come check on you or to offer more substantive care. You might also opt for home therapy, wound care, fall prevention services, or other specialized services.
What Does Medicaid Crisis Planning Achieve?
Medicaid crisis planning helps you predict whether might qualify for Medicaid, which covers significant amounts of long-term care. To qualify, you must be characterized as “low income” or “very low income.” Of note, the government looks not only at applicants’ current financial status but also at their previous five years, so if you have only recently qualified as “low income,” you still might not qualify under the rules. To learn more about specific qualifications, click here for a chart of Texas Medicaid Facts for 2024.
If you do not anticipate qualifying for Medicaid, it is important to adjust your savings goal with crisis planning in mind. You never know when you might face a health scare, and it is crucial to have some kind of funding in place for if/when you need it the most.
If you have questions about how to work toward this goal, we recommend speaking with a Houston elder law attorney that can walk you through your options and help you find a plan that is right for you. Working with the right team of attorneys can help you set aside the right amount of assets to cover expenses that you might not otherwise know how to cover, while still preserving wealth for your estate plan in the future.
Have You Found a Houston Elder Law Attorney You Trust?
At McCulloch & Miller, we understand that crisis planning can be stressful. We serve not only as attorneys but also as advocates and confidants for our clients during the planning process, taking pride in offering empathetic and thorough representation from beginning to end. Our Medicaid crisis planning attorneys can help you account for all possible contingencies, so you can rest assured that you are well protected, no matter what the future brings.
If you are looking for a Houston elder law attorney for yourself or a loved one, give us a call today at 713-955-7281. If you prefer, you can also fill out our online form to have an attorney reach back out to you as soon as possible regarding your legal needs. Our firm covers estate planning, probate, Medicaid crisis planning, elder law issues, special needs planning, and more.