In this Elder Law Minute, Wes Coulson, Illinois and Missouri Elder Law attorney, discusses an important and sometimes overlooked subject and that is life insurance in the context of establishing Medicaid eligibility to help pay for nursing home costs. ? Life Insurance and Medicaid Eligibility: How It’s Handled Can Have Huge Consequences Transcript: Hi, this is Wes […]
Life Insurance and Medicaid or VA Benefits Eligibility
“If I have life insurance in place, will I be able to keep it if I apply for Medicaid or VA benefits?” We get this question a lot from people applying for Medicaid or VA benefits eligibility, and the answer is not be as simple as it may seem. In a Medicaid context, in both […]
What you can and can’t keep with Medicaid: Life Insurance
Life insurance is an asset that is looked at by Medicaid when determining eligibility. But not all life insurance policies are the same and so they are not all treated the same way either. So, which type of life insurance policy may I keep? And is there a limit to the value? In this Elder Law […]
