Austin: (512) 910-8977 | San Antonio: (210) 570-2458

Austin: (512) 910-8977 | San Antonio: (210) 570-2458

Sometimes, nursing home care is needed before you’ve had time to prepare for it. Not only does this present the challenge of finding a quality nursing home (and fast!), but also the challenge of how to pay for it. While long-term care insurance is the best way to pay for the cost of long-term care, most people do not carry a policy. Without insurance, you have two options:

You Pay Out-of-Pocket

In Texas, the average cost of a private room in a nursing home is $6,388/month. A semi-private room averages out at $5,019/month. At this rate, your life savings won’t last very long…


You Qualify for Medicaid

Medicaid will cover the cost of long term nursing care—however, there are strict eligibility and income requirements that, essentially, require you to be destitute before you can qualify for Medicaid coverage.

Most people know that Medicaid has a 5-year look-back period. When the need for nursing home care arises unexpectedly, they incorrectly assume their only option is to spend down their savings until they meet Medicaid’s income and asset requirements. If you find yourself, your spouse, or a loved one in need of long-term care, do not make these common mistakes:

Giving Away Assets

Don’t start giving away assets to your family and loved ones to “spend down” your savings.

Leave Exempt Assets Alone

Don’t sell exempt assets—like your home or car—and turn them into cash, which counts towards your Medicaid asset limit.

Don’t Go on a Spending Spree

Before you start spending down your life savings, you need to contact a Medicaid planning attorney.

how to pay for the nursing home

If You or Your Spouse Needs to Get Qualified for Medicaid Now, There Are Options…

Even if you, your spouse, or your loved one is already in a nursing home, there are strategies that can be employed to preserve your assets, or—at the very least—maximize your resources to ensure you receive the care you need.

These Medicaid Crisis Planning strategies are not only beneficial to the person in need of long-term care, but also for their spouse, who may have very limited income, especially while their partner is in a nursing home.

We work with families on a regular basis, helping them protect their assets from the nursing home—no matter how soon they need care. We help:

Support the application filing process

Maximize the resources of the person going into the nursing home

Protect and maximize the resources of the community spouse

There are ways to protect the assets you’ve worked a lifetime to accrue. An experienced Medicaid planning attorney can help.

Contact the Hailey-Petty Law Firm

The attorneys at Hailey-Petty Law can help you implement an effective long term care planning strategy, and determine if a Medicaid Asset Protection Trust is the right solution for you. Complete the brief form below to start the conversation about your own planning needs!

Office Locations

Austin Location

13740 Research Blvd., Suite V4
Austin, Texas 78750


San Antonio Location

2702 Treble Creek 
San Antonio, Texas 78258

(210) 570-2458

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