Texas Medicaid Income Limits & Asset Limits (2015 – 2016 – 2017)

Long Term Care Medicaid Limits in Texas 2015 and 2016 2017 Income Limit (one Medicaid patient) $2,199/mo $2,205/mo Income Limit (both spouses) $4,398/mo $4,410/mo Countable Asset Limit $2,000 $2,000 Protected Resource Amount, minimum $23,844 $24,180 Protected Resource Amount, maximum $119,200 $120,900 Spouse Maintenance Allowance (MMMNA) $2,980.50/mo $3,022.50/mo Transfer Penalty $162.41/day $162.41/day NEW BOOK NOW AVAILABLE…

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…

Title Transfer and Taxes under Lady Bird Deed

This column first appeared in the MySA Express-News on December 11, 2014. Dear Mr. Premack: My wife, as Grantee on a Lady Bird Deed, received ownership of her parents’ house after her mother’s death earlier this year. Her father is in a nursing home with no possibility of ever going home. Intentions are to sell…

Texas Medicaid Income Limits & Asset Limits (2014-2015)

NOTE: Update posted for 2016 Medicaid Limits (click here) MEDICAID in TEXAS 2014 Amounts 2015 Amounts Income Cap (one Medicaid patient) $2,163 / month $2,199 / month Income Cap (both spouses are Medicaid patients) $4,326 / month $4,398 / month Countable Asset Cap (one Medicaid patient) $2000 $2000 Countable Asset Cap (both spouses are Medicaid…