Long-Term Care Planning

Long-term care can get pretty expensive. You may be looking at tens of thousands of dollars or more every year, and if you are not well prepared, the high cost of assisted living could deplete your savings and assets. Fortunately, programs like Medicaid can help meet...

There are many financial milestones that individuals will face in life. In some instances, those milestones may be exciting, like buying a new car or home, and in others, those times could feel like a burden, such as needing money for long-term care. In the latter...

Suffering from a serious illness or injury at any age can have dire results. In some cases, these issues can even become incapacitating or otherwise leave Texas residents in need of extended care. Because of this possibility, long-term care planning could be wise for...

As Texas residents consider their plans for the future, they may think about job changes, vacations, marriage or other events. However, individuals may also want to plan for incidents that come about far later in life, such as the need for extended care after...

Texas residents need various amounts of care throughout their lives. As individuals reach their elderly years, the need for care may become as important as it was when they were young children. However, receiving care as an adult can often prove more difficult and...

Thinking about the needs that may come about during their elderly years may be something that more Texas residents have begun doing. As a result, they may review their estate planning options and work to determine what type of plan may best suit their needs and the...

Though thinking about becoming incapacitated at some point in life may not be a favorite topic, it may be one worth considering. If Texas residents do not give thought to the possibility of needing a nursing home stay or other similar care, they may miss out on their...

Generally, Medicaid is available in Texas to pay for an extended nursing home stay. However, the applicant for assistance must meet certain requirements, making it prudent to plan for Medicaid assistance in advance. The individual or married couple can facilitate that...

Whether one resides in Texas or another state, there are some basic pitfalls to avoid when considering retirement and vital long-term care issues. For example, the cost of long-term care, including the costs of daily health care for an extended period, may run into...

Texas and other states impose federal rules and regulations for qualifying for Medicaid assistance by elderly applicants. Because Medicaid is a primary source of funding for nursing homes and similar institutions, long-term care planning may include planning for this...