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Category Archives: Non – Countable liquid Assets

Understanding Life Insurance Policies And How They Relate To Medicaid

Date - 3rd Dec, 2014   |   Time - 7:49   |   Author - Senior-Planning

Understanding Life Insurance Policies And How They Relate To Medicaid When an individual is applying for Medicaid and has assets that exceed Medicaid’s resource limit, a Medicaid spend-down is necessary. Assets in excess of the allowable amount must be spent down in order to achieve financial eligibility. Some kinds of life insurance policies are included […]

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Connecticut – Prepaying A Funeral & Burial Plot For Medicaid Purposes

Date - 12th Nov, 2014   |   Time - 12:35   |   Author - Senior-Planning

When one is applying for Medicaid / Title XIX, there are very limited assets that one may keep and still be eligible for the Medicaid benefit. In CT, the asset limit (2014) is $1,600 for a single individual. Nursing homes have an average daily rate of $390 a day, causing many to be in need […]

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