My dad is on Medicaid and in a nursing home. Can I have a life insurance policy on him if I am the owner and it not affect Medicaid?

Do you currently hold an insurance policy on Dad and if so what type?

If you do not have a policy on Dad then it is very unlikely you would be able to get one now. Or if you did find a term policy that would cover him the rates would be very high.

I have no idea of the implications regarding Medicaid.

If you are the owner of the policy & paying the premiums yourself it will not affect medicaid. They only look at your father’s financials, NOT yours.

I have a policy on someone so I can bury the person when the time comes. I am the owner, pay the costs and am the beneficiary on that person. It is a term life insurance policy and required no physical. I also work with Medicaid eligibility. This type of arrangement would have no effect on that person's eligibility if Medicaid were need.

I agree with Tothill. A good policy you need a physical which Dad would not pass. Maybe one of those TV policies but there is an age limit.