Community Spouse Case **DO NOT EDIT**

Medicaid Compliant Annuity Planning for a married couple.
 Single Person Case **DO NOT EDIT**

Medicaid Compliant Annuity Planning for an individual.
 E-newsletter **DO NOT EDIT**

Obtain a quote or plan for you, or your clients.
 
SunBlog_Category
 
 
SunBlog_Archive
 
 
 Events Calendar-Satellite
February 2012
SMTWTFS
2930311234
567891011
12131415161718
19202122232425
26272829123
45678910
 

Blog
  • Share This

      Crisis Medicaid Planning & VA Planning Don't Have to be Scary...

      10/30/2009 9:13 AM
      At Krause Financial Services we specialize in Crisis Medicaid Planning and Veterans Benefits Planning. Obtain all of your Medicaid and VA compliant insurance products in one convenient place.  You no longer have to waste your time searching for insurance companies and insurance agents that claim to offer the products and services you need.
      Comments (0) | Visits (653)

      Private Pay vs. VA Benefits vs. Medicaid

      10/28/2009 10:33 AM
      When clients plan to pay for long-term care services, they have certain options, including: private pay, VA benefits, Medicaid, or a combination thereof.  As would be expected, private pay is the preferred method, in that cash is king and those with cash are in the catbird's seat.  They can choose from 24 hour home health care to assisted living to a single room in a nursing home. But who has sufficient cash to meet the objective?  Very few!  For most, unless they purchase ...
      Comments (0) | Visits (1137)

      The Parties to an Annuity

      10/21/2009 11:53 AM
      Within this past week I received several inquiries from the Ask Dale section of this web site.  Specifically, one of the inquiries was regarding the parties of an annuity contract. Generally there are four potential parties to an annuity contract; the owner, the annuitant, the beneficiary, and the issuing insurance company.  As a general overview, think of the owner as the person who purchases the annuity and the annuitant as the individual whose life will be used in determining ...
      Comments (0) | Visits (3519)

      Solving the Long-Term Care Puzzle

      10/16/2009 12:22 PM
      Your clients know that long-term care risks exist, but most would rather not think about them.  Instead, they falsely believe that the financial problems caused by living too long will not happen to them, but only to others.  To illustrate the problem, a recent study completed by the American Academy of Actuaries stated that many baby boomers can expect to have a retirement lasting 30 years.  The study also reflected the fact that a 65 year old couple has a 58% chance of one of ...
      Comments (1) | Visits (614)

      Medicaid Compliant Annuity vs. Promissory Note

      10/13/2009 7:40 AM
      When the Deficit Reduction Act of 2005 ("DRA") was signed into law on February 8, 2006, by President Bush, the intent of the legislation was to reign in national spending.  Part of the DRA included eligibility criteria for Medicaid benefits.  States were required to be in compliance with the provisions of DRA as a pre-condition to receiving federal Medicaid funds.  The US Department of Health & Human Services, Centers for Medicare & Medicaid Services ("CMS"), provides gu ...
      Comments (2) | Visits (2221)

      Tax Treatment of Long-Term Care Insurance Premiums

      10/2/2009 9:16 AM
      With November being Long-Term Care Awareness Month, and many elder law attorneys working on their personal year-end tax planning, now is an excellent time to discuss the favorable tax treatment of long-term care insurance ("LTCI") premiums. The Internal Revenue Code categorizes LTCI contracts as either qualified or non-qualified.  In order to be qualified and receive favorable federal income-tax treatment of premiums, a LTCI contract must meet all of the following criteria: It can ...
      Comments (0) | Visits (717)