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MEDICAID IS STRICT
As you know, Medicaid has strict spend-down compliance guidelines. The funds your residents are allowed to have in their bank account are regulated by the state and asset accumulation is limited. You, better than most, understand the difficulty of keeping a resident’s assets within compliance.

MEDICAID HAS LIMITS
Medicaid imposes a limit on the amount you can set aside for residents to cover funeral expenses. Further, several states limit funeral expenses to as little as $1,200. This puts the financial burden on family members to cover funeral expenses. How can anyone receive a dignified funeral for $1,200?

THERE IS A SIMPLE SOLUTION
We have a solution that will address the issue of asset protection and Medicaid compliance. With a Medicaid exempt insurance program, residents can set aside funds that are both protected through life insurance and available at the time of need. It can also be difficult to find life insurance options for anyone with disabilities, and this program offers the solution.







PROBLEM
Medicaid limits assets to $2,000 and in most cases states only allow $1,200 to be set aside for funeral expenses.

SOLUTION
The solution of having the funds needed for a dignified memorial service has been solved:
  • Now it is possible for the resident to set aside funds, in most states, up to 15K for funeral expenses and stay compliant with Medicaid guidelines.
  • The funds are not considered an asset under Medicaid
  • The family may choose any funeral home

BENEFITS OF THIS SOLUTION INCLUDE:
  • Guaranteed Issue - Everyone is accepted regardless of health, ages 0-99
  • Portable - Policies can be used at any funeral home across the country
  • Tax-Free Growth - Resident's policies will grow tax-free to help offset inflation
  • Immediate Access - Claims can be paid directly to the funeral home within 48 hours
  • Tax Free Benefits - Death benefits are paid out income tax-free
  • Protection - Plans are irrevocably assigned so Medicaid and SSI may not consider them an asset
  • Simplicity - We provide a systematic enrollment program for a seamless continuity of services1

1.) In most states. Check state availability




Call us today or CLICK HERE to begin serving your residents and their families with this planning need.




800-766-3150
www.bcghr.com

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