She Plans to Leave a $400,000 Paid-Off House Behind but Medicaid Could Seek Repayment After Covering Her Nursing-Home Bills

She Will Prepay Her $14,000 Funeral So the Money Is Safe From the Nursing Home. The Funeral Will Cost $9,000, and the Other $5,000 Will Go to the County

A New York widow is about to enter a nursing home with too much money to qualify for Medicaid. So she moves $14,000 into an irrevocable pre-need burial agreement. Just like that, the money drops out of her countable assets and helps bring Medicaid within reach. Years later, her funeral and burial cost only $9,000. […]