insurance essentials
Medicaid and Buying Your Mother's Life Insurance Policy
Can you buy your mother's life insurance policy and still keep Medicaid? Here is how the transaction affects eligibility, the rules you must follow, and the risks to avoid.
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Can you buy your mother's life insurance policy and still keep Medicaid? Here is how the transaction affects eligibility, the rules you must follow, and the risks to avoid.
Medicaid can pursue life insurance death benefits through estate recovery, but certain policy structures and beneficiary designations may offer protection.