fbpx
570.322.2077 | Williamsport
814.237.4100 | State College
570.746.3844 | Wyalusing
570.265.1800 | Wysox

A common problem that many of our clients come to us with is how to qualify for Medicaid benefits if they have too many assets. One tool that our team uses is called a Medicaid Compliant Annuity. This is a financial product, much like other types of financial products such as life insurance, long-term care insurance, or an IRA, but it isn't something you can generally get at your neighborhood financial institution. Not every financial company sells these products, and the rules governing them can be quite complicated. Medicaid Compliant Annuities also aren't for everyone, as each individual or family's unique situation and goals largly dictate if and when we use it in a client's planning. In the Second Half of Life Podcast episode 43, long-term care planners Kristin Daugherty and Tammy Zilske talk about using Medicaid Compliant Annuities. 

All episodes of the Second Half of Life Podcast can be found on the Steinbacher, Goodall & Yurchak website, as well as on most podcast directories, which includes Apple PodcastsSpotifyTuneIn + Alexa, iHeartRadioStitcherPodcast AddictGoogle PodcastsPodchaserDeezerListen NotesBullhornOvercastPocket CastsCastroCastboxPodfriend, Player FM, Podcast Index and Pandora

Planning and Protecting Logo

Visit PlanningandProtecting.com to find an elder law attorney in your area!