Burial insurance, also known as funeral insurance, is a type of life insurance policy that is designed to cover the cost of funeral expenses after a person’s death. Medicaid is a government-funded healthcare program that provides coverage for low-income individuals and families. When it comes to burial insurance and Medicaid, there are certain limitations that you should be aware of. In general, burial insurance is not considered an asset for Medicaid eligibility purposes, meaning that it will not count towards your income or assets when determining your eligibility for Medicaid. However, there are limits to how much burial insurance you can have while still qualifying for Medicaid. In most states, the maximum amount of burial insurance that you can have and still qualify for Medicaid is $1,500. This means that if you have burial insurance policies that total more than $1,500, you may not be eligible for Medicaid. It’s important to note that the rules around burial insurance and Medicaid can vary depending on the state you live in. Additionally, there are other factors that can impact your eligibility for Medicaid, such as your income and assets.