1. You must be broke to qualify for Medicaid in a Nursing Home!
2. Medicaid will only pay for a Nursing Home!
3. You must ‘spend down’ to the poverty level to qualify for Medicaid in a Nursing Home or an Assisted Living Community!
4. You have TOO much monthly income to qualify for Medicaid in a Nursing Home or an Assisted Living Community!
5. You can NOT have any rental property and qualify for Medicaid in a Nursing Home or an Assisted Living Community!
6. You can NOT own a ranch/farm and a house ‘in town’ and qualify for Medicaid in a Nursing Home or an Assisted Living Community!
7. You can NOT have any ‘income producing properties’ and qualify for Medicaid in a Nursing Home or an Assisted Living Community!
8. You can NOT have any stocks or bonds and qualify for Medicaid in a Nursing Home or an Assisted Living Community!
9. There is a 5 Year Wait if you transferred any money to anyone, to qualify for Medicaid in a Nursing Home or an Assisted Living Community!
10. It is ILLEGAL to do Medicaid planning and you will go to jail !!

ALL the above are simply Myths of Medicaid in Texas !!
NONE ARE TRUE !!

However, most people in Texas believe these and even more myths to be true!!