FE and Medicaid

[axeman462]

I have a client, that says she expects to be approved for medicaid soon. but also needs a final expense policy.

She is worried about the cash value adding up and making her not eligible for medicaid in the future. is this possible?

 

[jdeasy]

I have a client, that says she expects to be approved for medicaid soon. but also needs a final expense policy.

She is worried about the cash value adding up and making her not eligible for medicaid in the future. is this possible?

Yes, it's possible. The cash value in a policy is a countable asset. If that's their only asset it will take a long time but it's possible.

You can have someone else be the owner and make sure that person is not also on medicaid or it can be assigned to a funeral home or funeral trust and that will handle it.

 

[Cyborg7]

Key word : possible

She probably thinks a $10k policy is $10k in assets