End of Life Planning and Medicaid

Willow

A Journey of Life a life Lesson

to be continued....I learned if a person is on Medicaid, not Medicare, at the end of their life all assets of a life insurance goes to the State of your residency.   

With that in mind, limited life insurance will cover one's final cost and the State receives the rest of the policy.

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I do not know how many people are receiving Medicaid or what the bottom dollar amount is that the program pays out compared to the intake of those policies.

Are people being told about this pay it forward Health Care Cost?

Never had to deal with this; but was informed as I researched the cost of dying vs the cost of living, kind of information. 

For those who are unaware please rethink it in the spending down part of planing it seem very important. 

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