Did you know that you can use Medicaid to help pay for funeral or cemetery services in Huntersville, NC?

The first step is to use Medicaid to pay for funeral and cemetery expenses is to establish a trust. The trust should establish your chosen funeral home or cemetery provider as a beneficiary to make sure that they receive the money upon your death. The best kind of trust you set up is an Irrevocable Trust, as this form protects the money you set aside just in case you need Medicaid to help cover any long-term care costs. Be wary of Revocable Trusts, as Medicaid set seizes money from Revocable Trusts if you have already depleted your other assets and you need help paying for medical or long-term care costs.

The best way to make sure you use Medicaid to pay for funeral and cemetery services properly and protect your money is to work with an estate attorney. If you’re covered by Medicaid you can set aside money for cemetery services, but trust and estate attorneys know the ins and outs of Medicaid, insurance, and trusts and can best advise you on how to proceed in your specific circumstances. Another reason to hire an attorney is that Medicaid and cemetery expenses rules vary from state to state. You need an expert that is familiar with your state’s rules to best advise you. You can also get in touch with your state’s Medicaid department, local Medicaid office, or an attorney in your area for more information.

In many states, Medicaid trusts need to have been in place for at least five years for the funds to be accessible, so you also need to make sure that you establish your trust enough in advance. Your chosen funeral home or cemetery provider with most likely have established protocols that they prefer you use when you create a trust to pay for future funeral and cemetery expenses. Be sure to talk to your funeral home and your estate attorney to get a recommendation on the type of trust you should set up to pay for cemetery service arrangements.

There are other ways to prepay for funeral or cemetery expenses beyond Medicaid and trusts, like funeral insurance. You can purchase an insurance policy that lists the funeral home or cemetery provider as the beneficiary so when you die, the funeral home with getting the money from the insurance company to put towards your funeral. Again, your local funeral home will most likely have a preferred insurance provider. Some might even be able to sell you the insurance directly. Keep in mind, though, that most life insurance policies do not cover funeral or cemetery expenses.

Gethsemane Cemetery and Memorial Gardens are here to help if you want to learn more about Medicaid, cemeteries, and preplanning. We offer a range of Huntersville, NC cemetery services with the experience and compassion necessary to help you. Call or visit us today for more information on what we can do for you in your time of loss or preplanning.