Brenda D. Colbert's Answers

Can Pennsylvania Medicaid lay claim to life insurance benefits paid to surviving children?

There are two different issues here that need to be addressed. First, life insurance with a Face Value of greater that $1,500 is a countable resource for Medical Assistance purposes, with $1,000 of cash value being excluded. As such, if your mother owns the life insurance policy and applies for Medical Assistance benefits and if the $15,000 policy you mention has cash value greater than $1,000, the amount over $1,000 will be countable and may cause her to be over-resourced for Medical...