Irrevocable funeral trusts (up to $15,000) are exempt from Medicaid's asset limits in most states — a common estate planning tool. Final expense insurance is a small whole life policy — typically $5,000–$50,000 — designed to guarantee your funeral is paid for without leaving the bill to your family. Coverage is affordable, premiums are fixed for life, and most plans require no medical exam.
Why this matters for Medicaid planning
Comparing multiple carriers is the single biggest factor in getting the right rate. Rates for identical coverage can vary by 40% or more between carriers — even for the same applicant. An independent comparison service shops the whole market at once, so you see your best price without spending days researching individual companies.
What to do next
A licensed agent can walk you through your options in about 5 minutes — no obligation. Comparison is free, and you can lock in your rate the same day if you find a plan you like. Rates go up with every birthday, so most people who are considering coverage benefit from getting a quote sooner rather than later.