If I receive an inheritance, can I lose Medicaid?

Answer by  flamiss22 (5081)

You could because Medicaid is mandated and funded by the state which has a strict eligibility rules. If the money received put you over the threshold then you could lose your benefits. Check with an attorney before you accept this inheritance.

Answer by  HUNM25 (713)

Well you basically can if the inheritance is made public. The government will know about it and Medicaid is basically for people who can't afford it. Now your new income is the inheritance.

Answer by  RushTull (149)

Medicaid looks at an inheritance as a source of income. They will then believe you have the necessary funds in order to self-provide yourself with the type of medical insurance you want. However, that may not always be the case. If they don't ask about it, don't tell it.

Answer by  ss21 (32)

If you are covered by Medicaid, and have inherited money from the estate of a deceased relative or friend, be sure to check the Medicaid eligibility laws in your state. Each state has its own laws on eligibility, especially with regard to income and available assets.

Answer by  technogeek (6640)

The law varies state to state, so consult an attorney to find out whether or not you need to declare the income to social services.

Answer by  Sylvia (759)

Possibly. The inheritance would be considered income during the month received and continues as accountable assets. It would be possible to loose Medicaid until your assets drop to their acceptable limit. best to check with an attorney since the acceptable limit varies from state to state.

Answer by  eyeguy (3760)

Medicaid has income limits and it doesnt matter where it comes from. If you fail to report income to Medicaid once they find out they will attempt to have you repay previous payments

Answer by  John (9008)

Medicaid coverage is determined by each state, so it can vary. In general, however, if you wind up with too many assets (the exact amount varies), you will be ineligible.