Life insurance payouts and Medicaid waiver? Why doesn't it have to be reported as an asset and used for the recipient's care? - AgingCare.com

Life insurance payouts and Medicaid waiver? Why doesn't it have to be reported as an asset and used for the recipient's care?

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A Medicaid waiver recipient's spouse dies. She was the beneficiary of a life insurance policy and received a check for around $15K. Why doesnt it have to be reported as an asset and used for the recipient's care?

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Some lump sum payments may be exempt from consideration.
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Recipients have to report any income received to their Medicaid caseworker, even life insurance. Now the IRS may not consider that taxable income, BUT don't confuse IRS rules with Medicaid rules.
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