There are all sorts of notions out there about what kind of assets are ‘countable‘ when it comes to qualifying for Medicaid coverage.  It’s worth understanding some of these limits and rules as Medicaid has become, as one elder law specialty site put it, sort of the default nursing home insurance for America’s middle class.  That would be most of us.

This is a complex subject and consulting a decent elder law attorney would be a good plan if there are considerable assets to manage.  In fact, even if there aren’t considerable assets, professional help is the smart way to go.  There are general guidelines to decipher and then there are specific state rules to take into account  along with annual adjustments and changes, so it can be tough navigating on your own.

We are sticking with life insurance in this discussion.  You probably already know that in…