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 Funeral Planning & Medicaid Spend Down
Medicaid is a state and federally funded health insurance program. This program is intended for people with a low income and in need of hands on medical care. Eligibility for Medicaid varies, but all variations have a limit on assets held. If your assets are more than what is allowed, you will need to ‘spend down’.
What is a ‘Spend down’?
Spending down is the process of liquidating your assets until they are under the state approved limit of $2,000.
Can I keep my life insurance?
There are a few different ways that you can preserve your life insurance funds for your family.
• You can irrevocably assign a Funeral Home as the Primary Owner and Beneficiary of your life insurance policy.
• When you assign ownership of your life insurance policy to the Funeral Home, that policy and the cash value associated with it is no longer considered an asset to you in the eyes of the State. This will help you in qualifying for Medicaid’s asset limitations.
• Create a Prepaid Funeral Contract with an Addendum for Additional Medicaid Funds
• Preplan your funeral needs by working with a Licensed Funeral Director and establish how much of your life insurance funds will be needed to cover the expense. If there will be surplus funds, make sure your funeral contract includes an Addendum for Additional Medicaid Funds. By filling out the

Addendum, this will state that your family can use those excess funds for their irrevocable burial space items at the time of your passing. (see description of burial space items below)
What are some ways we can ‘Spend Down’?
• Irrevocable funeral contract
• This can be a funeral contract including services, merchandise, and cash advance items, with no limitation on amount. The funeral contract can be for yourself and also another for your spouse.
• Irrevocable contract for burial space items
• Burial space items have no limitation on amount
in the State of Ohio. They can be created and designated for immediate family members, such as
a spouse, your parents, your children (adoptive and step), their spouses, your siblings and their spouses.
• Burial space items can include:
• Casket or urn,
• Burial vault or urn vault,
• Grave plot, mausoleum or niche
• Monument, plaque or marker for the grave
• Opening and Closing cost for the grave
• Perpetual care of gravesite.
The state and federal Medicaid programs understand the need to allocate funds for funeral expenses and include provisions for doing so as exempt assets when qualifying.
      Which benefits are most important to you regarding advance funeral planning?
Locking in funeral costs Making your wishes known
Personalizing your celebration of life service
Spending down for Medicaid qualification
Having peace of mind knowing everything has been taken care of
Would you be interested in attending a FREE informational Seminar?
Yes No
Would you like FREE information about funeral planning?
Yes No
         Name: ...................................................................................................................................................... Email: ....................................................................................................................................................... Phone: ................................................................... Best Time To Call: .................... AM / PM
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