Medicaid Eligibility Michigan Phillips Funeral Home
For years, Phillips Funeral Home has been providing families assistance with the guidance necessary to apply for nursing home and medicaid assistance. We can help you carefully plan your funeral arrangements ahead of time to help qualify for assistance.
Assets include such things as bank and credit union accounts, CD and trust deposits, stocks, bonds, annuities, and the cash value of some life insurance policies.
If your total assets are more than your state allows, you will be required to either spend them down or move them into asset types that are considered exempt - that is, types that do not count against you for the purpose of qualifying for Medicaid. Funeral accounts, when set up according to state guidelines, can be exempt and protected.