How Your Client’s Old Annuity Impacts Their Medicaid Plan

It's common for seniors to have an old annuity contract, but it can be a problem for Medicaid purposes. Do you know how to handle your client's existing annuity? Will it be treated as an asset or a divestment? Can it be transferred or sold? Can it be spent down?

If you're an agent working with crisis Medicaid clients, you've probably run into this issue before. Depending on how the client's contract is structured, it could impact their spend-down plan in a number of ways. But don't worry, you don't need to navigate non-compliant annuities alone!

Join Krause Agency's Thomas Krause as he explores:

• How both deferred and immediate annuities affect Medicaid eligibility
• When an annuity may be considered an asset versus a divestment
• Key contract language to look for when selling an annuity on the secondary market

Watch now!