Tuesday, December 23, 2014

If you are on Medicaid does an inheritance affect eligibility? In this case it is being used to pay debts. It changes the income part of the...

Question

If you are on Medicaid does an inheritance affect eligibility? In this case it is being used to pay debts. It changes the income part of the equation, but not the bottom line.



Answer

It may affect the qualification for Medicaid so if you are expecting an inheritance, then a Medicaid trust should be put into place so that the medicaid recipient does not receive the amounts outright but the trust can hold the funds for their benefit and still qualify them for Medicaid.



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