Pre-Planned Funerals as Part of Medicaid Planning

Joining us this week in our first of many guest interviews is Julie Graf-Skinner at Busch Funeral Homes. Today, she will be discussing the importance of pre-planning funerals as part of a Medicaid plan.

Why Prearrange a Funeral?

There are multiple reasons as to why someone would choose to pre-plan a funeral, but more often than not, it is because they are under the wire for a Medicaid plan. Other reasons include allowing families to focus on each other on a difficult day, avoiding doubt, stress, or confusion when emotions are high, and people aren't always playing well together, but also make sure that people's wishes are honored and remembered well.

However, people are often pre-planning funerals for the financial component for Medicaid.

Prepaid Funerals and Medicaid

Medicaid allows people to prearrange funerals as part of their spend down or while they have their full component of resources available.

Are there any special requirements of a funeral that would be related to Medicaid and making it eligible?

For eligibility, the funds have to be placed in an irrevocable agreement. A fund is actually outside of the funeral home's hands and also outside of the client's hands but permanently assigned to the funeral home to pay our bill. 

So, that's typically done either with a trust account or an insurance policy. It's typically not a standard life insurance policy that you might think about. It's a specialized type of funeral policy. And the funeral home can help you set that up.

We certainly encourage everyone in regular state planning and Medicaid planning to look at prearranging the funeral.

Contact Julie at Busch Funeral Homes 

Website: https://www.buschcares.com/
Call: 216-789-5596
Email: jgskinner@buschcares.com

Learn More About Medicaid Planning and Eligibility 

If you are interested in learning more about elder law and Medicaid planning, please contact us at Richard A. Myers, Jr. and Associates.

Most Recent

Medicaid Patient Liability

Posted By Richard A. Myers, Jr.
July 27, 2021 Category: Medicaid

“After I go into a nursing home and I’ve qualified for Medicaid, what happens to my income?” A large portion of your income has to be used to pay for care at the nursing home, like a copay. This is called the consumer

Should I Record My Will or Trust?

Posted By Richard A. Myers, Jr.
July 22, 2021 Category: Wills And Trusts

In short, it is not necessary to record your will or trust these days due to our ability to preserve a copy for you.

How to Choose the Best Assisted Living or Care Community?

Posted By Richard A. Myers, Jr.
June 30, 2021 Category: Elder Care, Senior Care Advocacy

Care Patrol helps families find those locations and those new homes for their parents, whether it be home care or assisted living. During these difficult times, people like Anthony offer their services to help ease the stress and confusion when it comes to making those important decisions.

Let's Get Social

Contact Us

red location icon | richard a. myers and associates

Main Office

815 Crocker Rd., Suite 10

Westlake, Ohio 44145

red location icon | richard a. myers and associates

Olmsted Township Branch

7172 Columbia Rd.

Olmsted Township, Ohio 44138

Newsletter

© , Richard A. Myers, Jr. & Associates, LLC Powered by VirteomVirteom Logo