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).
Massachusetts residents who possess long-term care insurance are granted a unique provision. The provision is the only of its kind in the nation.
When people think of long-term care insurance, a favorable tax deduction is the last they think of.
You’ve probably never heard of NGL or a funeral expense trust (or funeral trust, for short).
If you have a final expense life insurance policy, you probably don’t think it could affect your care in nursing homes.