My mother went into a nursing home and we are in the process of applying for Medicaid. We provided copies to of everything that Medicaid required. One of those items was a copy of the face page both of their life insurance policies, and a copy of the beneficiary page - which, lists each other as beneficiary.

My dad told me today that he went to the insurance company and changed the beneficiary on his policy to me. Is that allowed? He is not the one applying for Medicaid, but, we did provide copies of the paperwork for mom's application.

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So mom was dads beneficiary. If so, by changing it from mom to you, it could be viewed as done for Medicaid avoidance if dad predeceases her.

One thing in the maze that is medicaid that I did NOT expect was the annual renewal. Came as a total surprise and the multi page renewal form with a stack of suppprting documentation due back to state within 14 days. I had put everything into was a fun weekend. But one of the questions asked was if any changed done to life insurance policies and if so to provide a copy of the change. It’s gonna surface and be noticed and be an issue.

So it’s gonna have to be dealt with either now or later. Your call.
Helpful Answer (1)
jujubee2222 Feb 2019
Thank you so much for that information! My dad is 85 and I did not want to upset him by telling him maybe he should not have done that !! I will keep what you said about the annual review in mind and keep all the paperwork together for the annual renewal. I had heard of a renewal, but had no idea what would be involved at that time. I think I will mention it to the attorney next time I am in there. Thank you again !
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