Homestead Limits for Texas Medicaid

Dear Mr. Premack: With regards to Medicaid, how many acres are allowed in a Homestead? Can there be a country road that runs through the property for the Homestead claim? KF Texas Medicaid regulations do not restrict the number of acres that can be counted as homestead. If there is a country road that runs…

Are Miller Trusts ethical?

This column first appeared in the San Antonio Express News on November 28, 2016. Dear Mr. Premack: My friend is 69 and has a condition that is life ending but could last for some time. He is not married nor does he have any children. He owns a house that the Bexar County appraisal district says…

Several Readers’ Long Term Care Answers

Dear Mr. Premack: My mother-in-law is 88. Has been in nursing home in TX for several years. Husband is deceased. She owns home value 60k, no liens. Two sons own 1/4 each. She has willed her 50% to my wife to take care of a third son who is in same nursing home. Granddaughter lives in home…

2018 Texas Medicaid Income Limits & Asset Limits (2017 and 2018)

Long Term (Nursing Home) Medicaid Limits in Texas 2017 2018 Income Limit (one Medicaid patient) $2.205/mo $2,250/mo Income Limit (both spouses) $4,410/mo $4,500/mo Countable Asset Limit $2,000 $2,000 Protected Resource Amount, minimum $24,180 $24,720 Protected Resource Amount, maximum $120,900 $123,600 Spouse Maintenance Allowance (MMMNA) $3,022.50/mo $3,090/mo Transfer Penalty $162.41/day as of 09/01/2015 $172.65/day as of…

Protecting Home Sale Proceeds

This column first appeared in the San Antonio Express-News and on MySA.com on 8-14-2015. Dear Mr. Premack: My mom and I own a house together, and are both on the mortgage. I currently live in the house and my mother is in a nursing home on Medicaid. I’m wanting to sell the house. What can…