Qualifying for Medical Assistance
When you or a loved one is in need of State and Medical Assistance, whether going into a nursing home or needing another type of assistance, an important choice to make is to prefund your funeral. The state can deplete your assets including savings accounts, stocks, bonds, insurance policies, etc. What the state does allow is to set up a “Pre-Funded Funeral”. Not only can you secure your assets by purchasing your own prepaid funeral, but the state will also allow you to pay for any family member’s funeral arrangement without penalization.
The benefits to setting up a pre-funded funeral are:
- The state cannot access the funds set in a prefunded funeral
- The funeral services that are prefunded are guaranteed at today’s price-so you will not have to worry about paying more, due to the increase in funeral costs in the future
- Insurance policies can be set up to pre-fund services, again keeping the policy safe and not considered as an asset when applying for medical assistance
- It gives you peace of mind knowing that your final wishes are taken care of
For more information on how we can help you prefund your funeral and help you qualify for medical assistance, call us at 866-774-6166. Our knowledgeable and professional staff would be happy to help you.