Can Medicare Take Your Life Insurance? 
Medicare does not take life insurance from anyone . Medicare is a healthcare insurance program for those who have paid into it over the years -LRB- and some others -RRB- . Medicaid is an assistance program for those who have low income and low assets . If a person applying for Medicaid has term life insurance , it will not matter . If the Medicaid applicant has permanent life insurance with high cash value , there may be a need for the policy owner to take actions with the policy to enable them to be approved for Medicaid . 