Medicaid Compliant Annuities
A Medicaid compliant annuity is a powerful tool that helps us achieve a better solution for clients facing the catastrophic costs of Long-Term Care. This innovative product helps achieve:
- Accelerated Medicaid Eligibility
- Asset Preservation
- Peace of Mind
A Medicaid compliant annuity is a single premium immediate annuity (SPIA) that contains zero cash value and provides income to the owner. Properly structured, this annuity functions as a spend-down tool that eliminates excess countable assets, allowing the nursing home resident to become eligible for Medicaid benefits.
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