Medicaid Annuity Articles

• Annuities and Medicaid — Discusses ways to invest your substantial assets in an annuity so that you can still qualify for Medicaid.
• Annuities and Medicaid Benefits — An immediate annuity provides a mechanism to qualify a person immediately for Medicaid benefits if a person or couple's assests are over a specific amount. The immediate annuity legally converts countable assets to a non-countable asset...
• How Annuities Can Protect Medicaid Claims — When a nursing home stay appears unavoidable, one's family may be painfully pulled in different directions to insure eligibility for Medicaid benefits.
• Immediate Annuities and Medicaid — Immediate annuities can be ideal planning tools for spouses of nursing home residents.
• Issue Alert: Medicaid Annuities — An annuity is a financial arrangement in which the purchaser gives money to the annuity company and the annuity company agrees to pay the money back to the purchaser, with interest, over a period of time. Medicaid is a government benefit program that...
• It’s Possible to Lose Home in Medicaid Recovery — I am often asked if Medicaid can take your home. Although the home is generally protected, in certain circumstances Medicaid recovery can take your home and other property.
• Medicaid Annuities for Couples — For many individuals that have accumulated up to $200,000 in retirement savings, the cost of nursing home care can be devastating over a very short period of time.
• Medicaid Friendly(er)! — By now most of you have heard of using annuities for Medicaid planning. Some of you may have avoided this because of a lack of information/knowledge and/or the belief that this didn’t work in your state.
• Medicaid Protection — Many people use annuities in strategies to protect their assets in the event of a nursing home stay. These strategies are commonly called Medicaid annuity strategies.
• Medicaid Qualifying Annuities — Over the past few years there has been a significant increase in the use of single premium immediate annuities in financial and estate planning.
• Private Annuities Can Aid Medicaid Eligibility: Planning Today for Later Years — Clients sometimes ask CPAs how they can qualify for Medicaid. With monthly nursing home costs between $5,000 and $7,500, for many older adults Medicaid is the only way to pay for long-term care.
• Ruling Builds Case for Medicaid Annuities — Another federal court has ruled that an immediate annuity is not considered an asset for Medicaid qualification purposes. The decision not only applies to unassignable annuities, which are irrevocable and nontransferable, but also...
• The Golden Years? — Medicaid annuities may help clients preserve their assets, even if they're already in a nursing home.