Medicaid Eligible Annuity
Another common Medicaid planning tool used to achieve nursing home Medicaid eligibility more quickly (while preserving assets) is through the purchase of a Medicaid Compliant Annuity. Unlike Medicare, Medicaid eligibility requirements do include analysis of the applicant’s assets, and asset limits do apply. When employing a Medicaid Compliant Annuity, assets normally designated as spend down […]