Benefit payments started in assisted living and then moved to cover a nursing home. They were living together in assisted living when his wife passed away.  His condition began to deteriorate as these circumstances often do.  It became necessary to move him to a nursing home but he owned a life insurance policy that was counting against his Medicaid eligibility.  The assisted living community referred the family to Life Care Funding so the $65,000 life insurance policy could be traded-in for a Long Term Care…

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A Medicaid spend down stops an eviction. A family contacted Life Care Funding about their mother who was in a nursing home and was facing eviction.  The daughter became overwhelmed with handling her mother affairs.  They owned a $45,000 life insurance policy with $14,000 of Cash Surrender Value.  The Medicaid office informed them that until they liquidated the policy and spent it down on care she would be unable to qualify for Medicaid.  They already owed the nursing home money but they family was able…

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