On June 7th, 2013 the Wall Street Journal featured an article on the recently passed Texas Bill regarding Medicaid Life Settlements. The article outlines how this bill could save the state of Texas millions of dollars which would have been spent on Medicaid funded long term care. The advantage is that seniors can use their life insurance policies to stay ‘private pay’ longer before going on Medicaid. A medicaid Life Settlement is a qualified medicaid spend-down.
Read the Wall Street Journal article on Medicaid Life Settlements.