Personal care is expensive, whether at home, in assisted living, or in a nursing home. In West Texas, nursing homes can cost as much $70,000 to $100,000 per year. Providing the same level of care at home or in assisted living can be even more expensive. These costs, for the most part, are not covered by Medicare. They are, on the other hand, covered by long-term care insurance. Unfortunately, not many of today’s older Americans have such insurance. That means that they must rely on their savings to cover the cost of care. Few people can afford to pay for long-term care for very long and doing so can leave a healthy spouse destitute and deplete the inheritance a couple has worked long and hard to leave to their family. The Medicaid program pays for nursing home care for those who qualify and, in some instances, for assisted living and home care. The rules are complicated and ever-changing, and the application process can also be daunting.
The Law Firm of Sharma Moriarty has guided hundreds of seniors and their families through this process by helping them to protect their savings and receive the benefits and care to which they are entitled. She does this both through advanced planning with clients in good health, those who have just been diagnosed with an illness, and she works closely with families of older Americans who are hospitalized or in a nursing home.
Frequently, caregivers call her after being referred by a hospital or nursing home. They explain that their loved one has recently sustained an injury and/or suffers from a medical condition such as a fall, heart disease, or dementia. Whether they are still living at home, in assisted living, or recovering in a skilled nursing and rehabilitation center, the concern is the same – they need a higher level of care and need a way to pay for it. Her firm can help with these questions and more.
Questions she can help you with:
DOES MEDICARE COVER NURSING HOME COSTS?
HOW MUCH INCOME CAN I (OR MY SPOUSE) HAVE AND QUALIFY?
WHAT IS A LADYBIRD DEED?
WHAT BENEFITS DOES MEDICAID PAY FOR?
WHICH RESOURCES COUNT FOR MEDICAID PURPOSES?
WHAT IS A MILLER OR QUALIFIED INCOME TRUST?
WHAT IS A SPECIAL NEEDS TRUST?
WHAT IS A TRANSFER PENALTY & HOW IS IT CALCULATED?
She looks forward to exploring the opportunities her long-term care and asset protection planning can provide. The risk of needing long-term care and its related expenses is too great to ignore.
Sharma’s firm is here to assist individuals and families in their long-term care and Medicaid planning needs, whether it be preparing a Medicaid application to obtain government assistance to pay for care, a Qualified Income Trust (QIT), various types of other trusts, or simply saving the home from a Medicaid Estate Recovery Program (MERP) Claim.
Sharma Moriarty would be happy to sit down and discuss your situation, whether it be to plan for Medicaid benefits or otherwise. She serves families throughout the West Texas region, but her office is in Lubbock, Texas.
The Law Firm of Sharma Moriarty prepares or assists in the preparation and submission of Medicaid applications to Texas Health & Human Services (Texas HHSC). At her client’s request, she handles all communications with Texas HHSC, thereby removing the client, as much as possible, from the tedious and often frustrating application process.
Call Sharma today at (806) 368-7957 to schedule a free consultation to discuss planning for the future or the immediate need for Medicaid benefits.