Stephen O Allaire

January 16, 2014 | Connecticut Law Tribune

Life insurance is one of those overlooked items that often trips up people who have applied to get Medicaid (Title 19) either for nursing home care or home care. That is because life insurance is subject to special rules and in many cases the policy will count as an asset to put someone over the $1,600 limit for Medicaid. This rule does not include term life insurance because it has no cash value.

By STEPHEN O. ALLAIRE

3 minute read