Hello F.E. Experts,
I'm thinking deeply about the fact that Medicaid Qualification only exempts Life Insurance Policies with a $1,500 Death Benefit or less.
From:
attorneyhoyle dot com (couldn't post URL)
[INDENT]Exempt or Noncountable Assets:
2016 Exempt Assets for MassHealth Eligibility: Married couples: For the spouse at home: residence plus $119,220 of other assets; for the spouse entering the nursing home: $2,000. Single person: residence if value less than $828,000 plus $2,000, but the residence becomes subject to a MassHealth lien. Irrevocable prepaid funeral contracts or
Source of insurance-forums.net
I'm thinking deeply about the fact that Medicaid Qualification only exempts Life Insurance Policies with a $1,500 Death Benefit or less.
From:
attorneyhoyle dot com (couldn't post URL)
[INDENT]Exempt or Noncountable Assets:
2016 Exempt Assets for MassHealth Eligibility: Married couples: For the spouse at home: residence plus $119,220 of other assets; for the spouse entering the nursing home: $2,000. Single person: residence if value less than $828,000 plus $2,000, but the residence becomes subject to a MassHealth lien. Irrevocable prepaid funeral contracts or
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