Medicaid, life insurance, and Medicaid eligibility.
These together aren’t like peas and carrots. More like oil and water!
Far too often, people applying for Medicaid find out that their life insurance policy can disqualify them from Medicaid eligibility and benefits. This is true.
You may have heard different information about Medicaid eligibility and life insurance. Frankly, much of the stuff you read on the internet is inaccurate.
In this article, we dispel the inaccuracies and tell you what you need to know about how Medicaid works with life insurance, especially when it comes to qualifying for Medicaid (or nursing home care paid by Medicaid).
Do you have multiple sclerosis and have had a hard time obtaining life insurance?
The unfortunate truth is that people lie all the time, and many people lie on life insurance applications.
Have you heard of life insurance with “living benefits”?