For Texas residents, presently qualified for Medicare, what are the
rules concerning Medicare/Medicaid payments to cover the nusing home
care for one of the spouses who needs long-term care for a
physical/mental disaability?  Are there any specific requirements as
to maximum income, maximum assets, etc.?  Would payment be
disqualified if current annual income was approximately $45,000 which
represented Social Security of $22,000 Pensions and dividends of
$18,000 and rental income of $5,000.  Would payment be disqualified if
assets, excluding personal residence, were approximately $400,000
which was represented by common stock, mutual funds and similar
investments.

Hi,
After searching extensively on Google, I found many sites which gives
you the exact info required to answer your question.

Check out this page to get all the guidelines, the asset rules,
transfer penalty and many other details supporting your question.
http://www.elderlawanswers.com/test2_new.asp?menuitem=Medicaid

Various FAQs on Long Term Care Insurance can be found at:
http://www.elderoptionsoftexas.com/tbh_excerpts/long_term_care_insurance.htm

The Texas Medicaid Home Law give on
[http://www.medicaidlawyers.com/updatedtx.htm] states that :
"The resource limitation for an unmarried applicant is $2,000.  The
resource limitation for a married couple and an ineligible spouse not
living in a medical institution is 1/2 of the couple's combined
countable resources subject to a minimum "protected resource amount"
of $17,856 and a maximum of $89,280".

To find out different details about Medicare/medicaid and LTC
Insurance, you can check this:
http://www.nhccare.com/longtermcareins.htm

For more details and the breakup of income, check this one:
http://www.tfgroup.com/ltc/Medicaid.htm#top

Various rules and regulations regarding the LTC insurance with contact
details of various authorities can be found here:
http://www.tdi.state.tx.us/consumer/cbo32.html

Check out this page also for medicaid LTC expenditure, rates, and
related info:
http://newfederalism.urban.org/html/anf17.html

Search terms used: Law for Medicaid in Texas to pay long-term nursing
care
://www.google.com/search?sourceid=navclient&querytime=L&q=Law+for+Medicaid+in+Texas+to+pay+long%2Dterm+nursing+care

Texas+long-term nursing care
://www.google.com/search?q=Texas%2Blong-term+nursing+care&hl=en

I hope this will be helpful.
Regards
netcrazy-ga