All But $75
All But $75 What happens when a lifetime of work ends in a nursing home — and almost all your money goes toward care? Imagine working for decades. Paying bills. Raising a family. Paying taxes. Trying to do the right things and build some measure of security for old age. Then imagine reaching a point in life when you can no longer safely live on your own. You need nursing-home care. Your savings may be gone or nearly gone, and you qualify for Medicaid to help pay for the cost. You may be receiving Social Security every month. But once the applicable medical and care expenses are accounted for, most of that income may go toward the cost of your care. In Texas, a nursing-facility resident receiving Medicaid who is subject to the standard personal-needs allowance may be left with just $75 a month for personal spending. THE PERSONAL-NEEDS ALLOWANCE $75 per month. $900 per year. That money may need to cover the little things that h...