Are the Proceeds from a Medicaid Recipient's Life Insurance Policy Subject to Estate Recovery?

July 27th, 2016

My mom has an individual whole life insurance policy. Her current policy has a death benefit of $30,000 and no cash value. Medicaid has been paying for her care. When she passes away, will the state be able to take the proceeds from the life insurance that would be paid out to her beneficiaries?

We can’t tell you for certain, but probably not. The answer depends on the law in your state regarding Medicaid estate recovery. If your state does not seek recovery from non-probate property, the state will not be able to collect from the policy. Even if your state has expanded estate recovery law to include non-probate assets, the state still might not be able to track life insurance policies. Just make sure that the beneficiaries your mother wants are named on the policy. A local elder law attorney could give you a definite answer. To find an attorney near you, go here: http://www.elderlawanswers.com/elder-law-attorneys.

Local Elder Law Attorneys in Ashburn, VA

+40
Attorneys practicing
in Ashburn

Elder Law Answers

Article Search

Attorney Search

Search Articles

Find Attorneys

Are the Proceeds from a Medicaid Recipient's Life Insurance Policy Subject to Estate Recovery?

Jeffrey Hammond

Loretta Williams

Mindy Felinton

For Attorneys

Are the Proceeds from a Medicaid Recipient's Life Insurance Policy Subject to Estate Recovery?

Hammond and Associates, LLC, Elder Law, Estate Planning, Wills, Trusts, Probate

Hale Ball Carlson Baumgartner Murphy PLC

Felinton Elder Law & Estate Planning Centers

Related Articles