insurance essentials
Applying for Medicaid While Holding Whole Life Insurance
Learn how whole life insurance affects Medicaid eligibility, the Medicaid asset test, and strategies to protect your policy when applying for public assistance.
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Learn how whole life insurance affects Medicaid eligibility, the Medicaid asset test, and strategies to protect your policy when applying for public assistance.
Medicaid eligibility depends on income and asset limits. Life insurance death benefits are generally not counted as income, but proceeds can affect asset tests and other rules.