Does Medicaid count life insurance as an asset?

Yes, but only certain types of life insurance, such as those with cash value, may count toward Medicaid’s asset limits.

Can I still qualify for Medicaid if I have life insurance?

Yes, many types of life insurance, like term life policies, won’t affect your Medicaid eligibility.

How does Medicaid estate recovery work with life insurance policies?

Medicaid typically cannot recover life insurance death benefits, especially if the benefits are paid directly to beneficiaries.

What’s the difference between life insurance and Medicaid long-term care coverage?

Medicaid covers some healthcare costs, but life insurance provides financial support for your family after you pass away.

Can I create a life insurance trust to protect my benefits?

Yes, an irrevocable life insurance trust can shield your policy from being counted as an asset for Medicaid purposes and protect your family from estate recovery.

Group Life Insurance - Insure Life Ok

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