Your Host: Cheryl Culbertson, Owner/Founder - Elder Options of Texas
For a full transcript, click here:
Due to the high cost of nursing home care--an average of almost $5,000 per month in Texas--most people who go into nursing homes for extended times will sooner or later need help from the Medicaid program to pay the nursing home. In all, about 72% of Texas nursing home residents are qualified for Medicaid, and 94% of Texas nursing homes are "Medicaid facilities." What Mr. Farrell discusses will most helpful to those persons who need nursing home care and cannot afford it typically due to the high cost of such care, and unfortunately, many are in that position today. Clyde Farrell, of Farrell & Pak PLLC, represented the state of Texas as an Assistant Attorney General for ten years to enforce the laws requiring nursing homes to take good care of people. Since then, for the last 24 years, he has been helping people plan to get the best care they can in nursing homes, assisted living facilities or at home. Sometimes that involves protecting assets while qualifying for Medicaid, and sometimes it involves avoiding Medicaid. Mr. Farrell is a Certified Elder Law Attorney and a Certified Financial Planner practitioner.
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