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Medicaid Annuity

Posted on March 31, 2010.
Medicaid AnnuityIs it necessary to consult a lawyer before buying an annuity before applying for Medicaid?

Is it really that complicated or person may make the average of their own? I want to protect my property before my husband goes into assisted living. I read about annuities for Medicaid and want to buy one to protect my savings.

The lawyers do not know anything about Medicaid regulations.
And hiding assets is a fraud.

You definitely should talk to an expert on how to protect your property, because if your husband is in assisted living facility - either you have to pay for it, or it has to pass the Medicaid thing, and there is a time for that. Talk to an expert.

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