CMS Releases New 2014 Medicaid Numbers The Centers for Medicare and Medicaid Services (CMS) has released the new annual spousal impoverishment figures for 2014.  The full numbers are contained in the 2014 Medicaid Spousal Impoverishment Desk Reference, which you can download for free by clicking the link at the bottom of this article. Here is […]

Gifting away assets can cause serious problems when attempting to qualify for long-term care Medicaid.  The punitive Medicaid asset transfer rules are one of the harshest and cruelest rules ever imposed by the government against its ailing seniors.  An improper transfer can cause serious penalties that can leave a patient’s family scrambling to figure out […]

Somehow over the years the terms Medicaid Friendly Annuity and Medicaid Compliant Annuity have entered the planning lexicon.  Most advisors without much background in this work use them interchangeably – but they really have different meanings.  If you are not aware of the difference or why you should never use the term Medicaid Friendly Annuity, I encourage you […]