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Purchasing a Medicaid Compliant Annuity: Pre Snapshot Date vs. Post Snapshot Date

Krause Financial Services | April 2, 2018

Purchasing a Medicaid Compliant Annuity: Pre Snapshot Date vs. Post Snapshot Date When purchasing a Medicaid Compliant Annuity in a traditional spousal situation, two important figures come into play for considering the Community Spouse Resource […]

Does the State Have to be Named Primary Beneficiary?

Krause Financial Services | March 15, 2018

Does the State Have to be Named Primary Beneficiary? A common question our office receives is, “Does the state Medicaid agency have to be named primary beneficiary on the annuity contract?”.  In almost all situations, […]

Annuitizing IRAs: Will My Clients Still Meet Their RMDs?

Krause Financial Services | March 2, 2018

Annuitizing IRAs: Will My Clients Still Meet Their RMDs? In most states, IRAs are considered countable assets for Medicaid purposes.  Rather than liquidate an IRA and risk facing large tax consequences, the client may be […]

Working with Krause Financial Services

Krause Financial Services | February 28, 2018

Working with Krause Financial Services Krause Financial Services provides everything you need to help accelerate eligibility for Medicaid or VA benefits through the use of Medicaid Compliant Annuities and VA Annuities.  From quotes to comprehensive […]

Pre-Planning vs Crisis Medicaid Planning

Krause Financial Services | February 13, 2018

Generally speaking, there are two types of long-term care planning:  Pre-planning and crisis planning.  Most elder law attorneys incorporate both into their practices, as a client’s unique set of circumstances will determine which is most […]

Successful VA Annuity Case: Using an Annuity Post-Eligibility

Krause Financial Services | January 31, 2018

Successful VA Annuity Case:  Using an Annuity Post-Eligibility Using an annuity in VA planning is a great way to quickly spend-down your client’s excess net worth and qualify them for the Aid & Attendance pension […]

What if the Owner of a Medicaid Compliant Annuity Passes Away?

Krause Financial Services | November 2, 2017

What if the Owner of a Medicaid Compliant Annuity Passes Away? In most cases, the purchase of a Medicaid Compliant Annuity requires the State Medicaid agency be named primary beneficiary up to the amount of […]

Most and Least Expensive States for Long-Term Care (2017)

Krause Financial Services | October 18, 2017

Most and Least Expensive States for Long-Term Care (2017) Earlier this month, we shared the results of the Genworth 2017 Cost of Care survey, which revealed that nursing home costs have increased steadily over the […]

2017 Long-Term Care Costs Rise

Krause Financial Services | October 5, 2017

The cost of private nursing home rooms, semi-private nursing home rooms, and assisted living rooms has increased significantly from 2016. According to the Genworth 2017 Cost of Care survey, the average cost of a private […]

What is the Monthly Maintenance Needs Allowance?

Krause Financial Services | September 21, 2017

Explaining the Monthly Maintenance Needs Allowance In cases where a married couple is seeking Medicaid benefits for one spouse, and the other spouse is still residing within the community, certain regulations have been put in […]