can a person cash in life insurance polocies to do a prepaid funeral and still qualifie for medicaid? this seems to be only thing blocking qualification to help.
Asked on 9/26/10, 1:21 pm
1 Answer from Attorneys
Anthony Smith
LawSmith
The mount of life insuranc that is cashed in affects eligibility. There are obvious tax implications. But the mere fact taht one owns a prepaid funeral plan is not (as for now) a bar to qualification for medicaid.
Good luck
Answered on 10/01/10, 2:00 pm
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