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Will Life Insurance Payout Affect Medicaid Eligibility?

Posted by Laura E. Stubberud | Nov 15, 2022 | 0 Comments

It depends on who the beneficiary of the life insurance was. If it was your dad, which sounds like the case, then it's his money. If he needs to apply for Medicaid benefits during the next five years it could cause a penalty, meaning he would be ineligible for benefits for a period of time based on the amount of funds transferred.

About the Author

Laura E. Stubberud

Laura Stubberud has over two decades of experience in the practice of estate and family law in Nevada. After graduation from UCLA, she studied law at Southwestern University School of Law , graduating in 1992. With over 30 years of practice in Clark County, Nevada, Ms. Stubberud has substantial e...


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