How to use funeral planning to become eligible for Medicaid – New York Health Access

How to use funeral planning to become eligible for Medicaid

Views: 5589
Posted: 23 Apr, 2009
by David Silva (New York Legal Assistance Group)
Updated: 23 Apr, 2009
by David Silva (New York Legal Assistance Group)

One common reason why people are ineligible for Medicaid or SSI is if their assets are over the limit.  Rather than give money away to make yourself eligible, it is better to find ways either to spend the money or convert it into an exempt form.  One way to do this is through funeral arrangements.

 

For both Medicaid and SSI, certain types of funeral arrangements – including burial funds, pre-paid funeral agreements, and burial plots – are exempt from consideration as assets.  In this way, an applicant can reduce their countable assets while also ensuring that their wishes about their funeral are respected.

This memo from Selfhelp explains how these plans work.

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