Mastering Medicaid Crisis Planning: Strategies for Asset Protection with Medicaid Compliant Annuities
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Guest Expert: Dale Krause, J.D., LL.M., Krause & AssociatesIn this insightful session, Dale Krause, J.D., LL.M., guided financial professionals through the nuances of crisis Medicaid planning, demonstrating how clients with no prior preparation can still p...
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A few comments from listeners when they were asked what the learned from the webinar:
"Qualified Income Trust (QIT aka Miller's Trust) allows income to flow through Trust to pay facility to be eligible for Medicaid [1 page form with a checking account to passthrough income]
QIT required in NJ, FL, and many other states (not CA, NY, or PA)
Community Spouse Resource Allowance (CSRA) for standard state is around $157,920, but some have a minimum $31,584 with the $157K being the maximum
CSRA required a ""snapshot day,"" meaning the first of 30 days in a facility"
- Aaron S.
An understanding of what is generally available crisis planning strategies.
- Mark Z.
Medicare giving assets vs spend down ramifications
- Angela D.
Ability to use immediate annuity to cover expected nursing home costs
- Jossette R.
"Qualified Income Trust (QIT aka Miller's Trust) allows income to flow through Trust to pay facility to be eligible for Medicaid [1 page form with a checking account to passthrough income]
QIT required in NJ, FL, and many other states (not CA, NY, or PA)
Community Spouse Resource Allowance (CSRA) for standard state is around $157,920, but some have a minimum $31,584 with the $157K being the maximum
CSRA required a ""snapshot day,"" meaning the first of 30 days in a facility"
- Aaron S.
An understanding of what is generally available crisis planning strategies.
- Mark Z.
Medicare giving assets vs spend down ramifications
- Angela D.
Ability to use immediate annuity to cover expected nursing home costs
- Jossette R.
"Qualified Income Trust (QIT aka Miller's Trust) allows income to flow through Trust to pay facility to be eligible for Medicaid [1 page form with a checking account to passthrough income]
QIT required in NJ, FL, and many other states (not CA, NY, or PA)
Community Spouse Resource Allowance (CSRA) for standard state is around $157,920, but some have a minimum $31,584 with the $157K being the maximum
CSRA required a ""snapshot day,"" meaning the first of 30 days in a facility"
- Aaron S.
An understanding of what is generally available crisis planning strategies.
- Mark Z.
Medicare giving assets vs spend down ramifications
- Angela D.
Ability to use immediate annuity to cover expected nursing home costs
- Jossette R.