I received an interesting question last week last week from the Ask Dale section of the site. The attorney had inquired whether it made sense for his client with only $50,000 to purchase a Medicaid Compliant Annuity.
At Krause Financial Services we handle a multitude of net worths. The smallest Medicaid Compliant Annuity investment we have ever experienced was $703.71, while at the other end of the spectrum we've had investments reaching upwards of $1.1 Million. We have also handled pay-out periods as short as 2 months and as long as 480 months.
Of course, whether the Medicaid Compliant Annuity would be beneficial to the individual with a net worth of $50,000 depends on the variables of the specific case. However, Krause Financial Services does not have a minimum or maximum requirement when developing a Crisis Medicaid Plan.
