There are lots of people looking to qualify for Medicaid, but they have too much income or too many countable assets to get the coverage they need. Fortunately, there is an opportunity to spend this excess income on medical bills and other qualified purchases for Medicaid eligibility purposes.
When you buy a funeral for yourself or your spouse, the funds you set aside in an irrevocable trust are excluded from your net assets for Medicaid eligibility purposes. This reduces your countable assets and can help you qualify for the benefits you need now.*