Medi-Cal, please relief?
Do you know why the worker at social services wants to know if you hold life insurance when you're applying for medi-cal, foodstamp, and change aid?
thank you very much
Answers:
Yes, Deep5223 that appears to be what Medi-Cal is looking for. Any dosh value contained by your life policy can be counted as an asset. I am not sure more or less this but they could also be interested in the time policy for the same justification that many states will require Medicaid recipient that have taken out a reverse mortgage and are elect the stream of annuity payments (rather than a line of credit or lump sum) to variety the state the remainderman beneficiary. I am not positive on this second statement but could be something to keep surrounded by mind.
One requirement is the amount of go insurance you can have is controlled and if you have a change vaule policy, that value is included for resource restrictions. Since you can access the cash good point, it is counted just similar to cash surrounded by the bank. I don't know the margins in California, but contained by GA, you can not have more than $2000 within cash assets and no more than $50,000 permanent status life insurance.
I don't hold any idea but my guess would be that if you can afford vivacity insurance, maybe you can afford food? Or I don`t know they want to know that if you die, they can get their money hindmost?
They probably should be asking you if you can afford an internet connection, how come you can't afford food?
yes, because when you die hey get their money vertebrae before your beneficiaries take anything. I think Burial plans may be excluded.. not sure roughly speaking that..