life insurance

I have been searching the web to find answers re Medicaid. My interest heightened after I received this month’s AARP Bulletin. There was a very small article in “Ask the Experts” about Medicaid. I had no idea that all Medicaid payments from the state had to be paid back to a nursing home after a person dies.

They also listed some of the things that were exempt in order to qualify for Medicaid. One of the things was that if you had a life insurance policy it could not have more than a $1,500 face value. What if a person has a policy that is over that? Mine is and I am concerned that my daughter, who is the beneficiary, won’t get that money if I should have to be put into a nursing home.