Will A Life Insurance Policy Affect My Eligibility For Medicaid Benefits?
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UPDATED: Jul 16, 2021
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Life insurance is considered to be an asset under federal guidelines for Medicaid eligibility. Therefore, having a life insurance policy could affect eligibility and the policy may have to be relinquished before Medicaid is granted. However, Medicaid is administered by the states, so the details of eligibility requirements may vary from state to state.