Does a Life Insurance Policy Count Against Medicaid Eligibility? Medicaid treatment can depend on whether a policy has cash value, its face value, ownership, beneficiaries, and whether it is term or permanent insurance. Surrendering or transferring a policy without analysis can create avoidable problems. Long-term-care decisions mix health, housing, family authority, contracts, public benefits, and years of financial history. Small transactions can have large consequences when a Medicaid application later asks for records, and a rushed transfer can reduce options instead of protecting them. This guide explains the general Ohio framework in plain language and identifies the records and decisions that usually matter most. In this guide A clear answer…