Questions? Call Us (973) 325-7500

Asset Preservation

insurance

Protecting Assets 

A Nursing home stay for many may be the single most emotionally and financially devastating experience of one's lifetime.

We provide counseling and planning assistance to preserve your life savings from Home Care, Assisted Living, or Nursing Home stays.

A Medicaid Compliant Annuity is a planning tool offered by a limited number of companies. It is not a commercial annuity. The Medicaid Compliant Annuity was designed to convert a Medicaid spend-down amount into an income stream. With the spend-down amount eliminated the nursing home resident/Medicaid applicant becomes eligible for Medicaid benefits.

We are a primary source and provider of Medicaid Compliant Annuities.  Don’t trust just anyone.  All annuities are not the same. All annuities are not Medicaid compliant. Work with us and ensure your annuity is properly structured.

 The Deficit Reduction act of 2005 requires a Medicaid Compliant Annuity to be:

  • Be irrevocable and non-assignable;
  • Be actuarially sound;
  • Provide for payments in equal amounts, with no deferral and no balloon payments; and
  • Name the state Medicaid agency as the primary beneficiary (exceptions apply).

 

Call us for a free consultation, not intended as legal or tax advice.  Our company works with local attorney's to structure these plans properly.