Einhorn Harris Partner Gary R. Botwinick responds to NJ.Com query, “What life insurance means for Medicaid”

The following post was written over one year ago. Laws often change and recent case decisions may impact how the law is applied. As such, the information in this article may not be current. We encourage you to contact our firm for information on this particular article and to make sure the analysis is still up-to-date.

Q. When Medicaid looks at assets, is a life insurance policy considered an asset?

A. You must meet certain financial requirements in order to qualify for Medicaid.

Life insurance is one of those assets that people often fail to realize needs to be part of the calculation, said Gary R. Botwinick, an estate planning attorney and chair of the taxation/trusts and estates department at Einhorn Harris.

Read the NJ.Com ‘Biz Brain’ article here in it’s entirety.