How Life Insurance Policies Could Affect Your Client’s Medicaid Eligibility

Medicaid provides health care coverage to nearly 90 million Americans, including low-income seniors who meet certain eligibility conditions regarding income and/or assets. While Medicaid is funded by the federal government and the states, the program is administered at the state level according to federal requirements.

Understanding the different types of life insurance and their impact on Medicaid eligibility is crucial to help clients choose the right policy based on their financial circumstances and Medicaid eligibility requirements.