ElderCounsel: Dealing with Retirement Accounts in Crisis Planning
POSTED ON - March 16, 2018
Written By ElderCounsel
When dealing with crisis planning for Medicaid or VA, one of the trickiest assets to handle is an IRA. In select states, IRAs are considered exempt assets. In a few others, IRAs of the community spouse are...
American Bar Association: Annuities Provide Protection in Cases of Nursing Home Care
POSTED ON - February 26, 2018
Written By American Bar Association
Annuities are one of the most popular insurance products available. There are various types of annuities that are used in different situations; however, single premium immediate annuities (SPIAs) are typically...
Kiplinger: Medicaid Annuities Help Protect Savings
POSTED ON - October 19, 2017
Written By Kiplinger
Picture this: your spouse has made a permanent move to a nursing home. You don’t have long-term-care insurance, Medicare won’t cover the cost, and you have too much money to qualify for Medicaid, but not nearly enough
New York Times: Insurers Find Way to Help the Elderly Get Medicaid to Pay for Nursing Homes
POSTED ON - June 6, 2001
Written By New York Times
An annuity that converts assets into income can help even affluent people to qualify for Medicaid. But states are cracking down on Medicaid Compliant Annuities, affecting how...