How Does Medicaid Treat Annuities?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Unless an annuity is set up exactly according to some specifications, Medicaid treats annuities as an asset. So if someone is applying for Medicaid while owning an annuity, they will need to spend down the cash value in the annuity to the allowable limit for holding onto cash assets.
    Answered on September 13, 2013
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