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Annuity Income Stream is Not an Asset for Medicaid Eligibility Purposes

By Trusts EstatesProf

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After John moved into a nursing home, his wife Amelia bought an annuity. Soon after, John applied for Medicaid. The state directed Amelia to sell the income stream from the annuity to a potential buyer that the state found. Amelia...

Full post as published by Wills, Trusts & Estates Prof Blog on October 18, 2010 (boomark / email).

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Beware of "Medicaid Friendly" Annuities versus "Medicaid Compliant" Annuities

Florida Medicaid Asset Protection Trust

New Jersey Court Rules For The First Time That An Annuity Owned By The Community Spouse Is Not An Available Resource In Determining The Institutional Spouses Eligibility For Nursing Home Medicaid Benefits

Does A Disabled Child Receiving SSI And Medicaid Remain Eligible For Medicaid After Beginning To Receive SSD Under A Parents Work Record

Recent Decision By Director Of Medicaid Shows Continuing Hostility Toward Annuities As A Medicaid Planning Tool

Florida Medicaid Asset Test

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