Medicaid Spend Down
Are you faced with a deadline to qualify your loved one for Medicaid? Chapman, Cole, & Gleason has expertise in establishing irrevocable funeral trusts. Our funeral directors understand that time is of the essence with a Medicaid Spend Down. If you don't have your application in on time, it could mean paying more health care bills than necessary.
The best way to establish an irrevocable funeral trust is to contact your nearest CCG location and set up an appointment with a funeral professional.
Things to think about with an irrevocable trust:
If there is a life insurance policy for the applicant, please have the following information:
- Death Benefit
- Cash Value
Where time is so important to the Medicaid Application, you do not have to know what kind of funeral you want. The most important aspect of this type of pre-arrangement is ensuring that your loved one qualifies for Medicaid.
The trust can be funded and the specific details of the funeral can be selected at a later date. Also, know that you can set up a $1,500.00 Funeral Burial Account with your bank as a completely separate item. Ask your funeral director for details.