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The Bond & Brown Law Firm

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Elder Law - Medicaid Budget Numbers for 2020

  Eligibility Criteria for a "Single" Applicant:  

  • Must be a US citizen or a lawfully admitted Alien.
  • Must be a Texas Resident.
  • Must meet a Medical Necessity assessment.
  • Must be in a nursing home (that offers a Medicaid bed) for 30 days.
  • Must have income less than $2,349.00.
  • Must have Countable Resources less than $2,000.00
  • Must be free of all Post-DRA penalties for uncompensated transfers (Penalty Divisor is $213.71).

Eligibility Criteria for a "Couple" both filing (all criteria is the same except): 

  • Must have a combined income less than $4,698.00.
  • Must have Countable Resources Less than $3,000.00.

Spousal Impoverishment: 

  • The applicant must divert all or enough of his or her monthly income to their non-instigutional spouse, so the non-institutional spouse has gross monthly income of $3,216.50.
  • The Community Spouse is allowed to retain 50% of the couples combined Countable Resources with a minimum of $25,728.00 Maximum of $128,640.00 in some cases, more resources are allowed.

Exempt Assets: 

  • Homestead less than $595,000.
  • Personal Property.
  • Automobile (unlimited value). A 2nd auto if the spouse works.
  • Irrevocable pre-paid funeral contracts. 
  • Burial plots.

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Downloads

Bond Law Firm Medicaid Brochure

2020 Medicaid Brochure New (pdf)Download

DISCLAIMER: Nothing on this page is intended to be legal advice, nor should it be interpreted as legal advice. If you have questions regarding these legal concepts, you should consult an attorney immediately. 

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