Interested in training for your team? Click here to learn more

Handling Non-Medicaid Compliant Annuities in Medicaid Planning: Tax-Deferred vs. Immediate Annuities, Transfers, and More

Note: CPE credit is not offered on this program

Recording of a 90-minute CLE video webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Wednesday, October 25, 2023

Recorded event now available

or call 1-800-926-7926

This CLE webinar will provide elder law attorneys with a detailed analysis of methods for handling noncompliant annuities during the Medicaid planning process. The panelist will discuss annuity rules and exceptions; distinctions between immediate, deferred, and fixed annuities; asset and income regulations; and crafting and implementing Medicaid planning techniques when there are noncompliant annuities involved.

Description

The use of an annuity can be a useful option for elder counsel when implementing methods to maintain Medicaid eligibility, so long as such annuity is Medicaid compliant. Counsel must recognize essential rules and exceptions in the use of Medicaid annuities and available methods of navigating issues that arise when an annuity is non-Medicaid compliant.

To be eligible for Medicaid, an applicant must have minimal financial resources or assets, which can vary by state. A Medicaid compliant annuity is a planning strategy that allows a Medicaid applicant to reduce their countable assets to be eligible for Medicaid. However, there are various types of annuities, which may or may not be compliant for purposes of Medicaid.

Elder law counsel must be conscious of non-Medicaid compliant annuities and their adverse effect on a client's Medicaid eligibility and consider available methods of dealing with such annuities during the Medical planning process. This may include the use of transfers, liquidation, and other strategies depending on certain factors.

Listen as Dale M. Krause, J.D., LL.M., President and CEO at Krause Financial Services, discusses rules and exceptions for using annuities with Medicaid and regulations applicable to various types of annuities; distinctions between immediate, deferred, and fixed annuities; asset and income regulations; and crafting and implementing Medicaid planning techniques when there are noncompliant annuities involved.

READ MORE

Outline

  1. Use of annuities in Medicaid planning
  2. Medicaid compliant annuity rules and exceptions
  3. Types of annuities and potential pitfalls
  4. Navigating non-Medicaid compliant annuities
  5. Best practices for elder counsel

Benefits

The panelist will discuss these and other key issues:

  • What are the key considerations in the use of annuities in Medicaid planning?
  • What are the Medicaid requirements and limitations impacting the use of annuities?
  • What types of annuities are available as tools for elder law counsel?
  • What options are available to maintain Medicaid eligibility if there is a non-Medicaid compliant annuity involved?
  • What are the best practices for elder law counsel to ensure compliance and maintain Medicaid eligibility?

Faculty

Krause, Thomas
Thomas R. Krause, J.D.

Vice President of Sales and Marketing
Krause Financial Services

Mr. Krause is the Vice President of Sales and Marketing at Krause Financial Services. He specializes in using annuities...  |  Read More

Access Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

Download