Transferring a Tax-Deferred Annuity to a Medicaid Compliant Annuity Using an IRC Section 1035 Exchange
Evaluating Annuities for Medicaid Eligibility
Navigating Ethical Concerns When Estate Planning for the Elderly
How to Use a Qualified Income Trust to Secure Medicaid Eligibility
Mastering the Beneficiary Requirements of the Medicaid Compliant Annuity
Deferred Annuities in Crisis Medicaid Planning
The Unpaid Caregiver: Blessing or Burden?
As the number of Americans over the age of 65 is expected to nearly double from 52 million in 2018 to 95 million in 2060,1 family caregivers continue to be a vital piece of the long-term care system in the U.S. In their 2020 survey, AARP found that there are nearly 42 million people … Continued
The Rules of a Medicaid Compliant Annuity
A Medicaid Compliant Annuity (MCA) can be a helpful tool for clients who reside in a nursing home, but who are unable to afford their care without the help of Medicaid. These annuities, when included as part of a client’s Medicaid crisis plan, can effectively convert the applicant’s excess countable resources into an income … Continued
Product Update: One Insurance Carrier Retires its Short-Term MCA
The Standard, an insurance carrier based in Portland, OR, recently announced it will be retiring its short-term fee-based Restricted Single Premium Immediate Annuity product as of May 15, 2023. This means the carrier will no longer be offering Medicaid Compliant Annuities (MCAs) with terms of 47 months or less. If you were using … Continued
Where Does a QLAC Fit in Medicaid Planning?
There’s a new annuity capturing the attention of elder law and estate planning attorneys—the QLAC. A QLAC, or a Qualified Longevity Annuity Contract, isn’t actually a new product; however, interest in the annuity has surged in recent months due to the passing of the SECURE Act 2.0. This legislation modified the requirements of a QLAC, … Continued