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03.30.2022 - Encore Medicaid

Attendees Rating:

Excellent (86%)
Average (14%)
Below Average (0%)

Comments
Here are ideas that the attendees learned from Dale:
I always thought that gifting assets before applying for Medicaid was a no-no. Now I understand that it's possible to build that into Medicaid planning.
Always thought that the maximum MMNA amount was the maximum a community spouse could keep no matter whose it was. Instead it only applies if the community spouse needs to take some of the institutionalized spouse's income.
Crises planning for individuals that do not have the assets to pay for a nursing home care - worst case scenarios
Maybe there is a chance for someone to qualify even without prior planning
Medicaid Compliant Annuities may be appropriate for families who have limited financial resources.
Must plan early
New York State provides a challenge for financial services
Variety between states can be huge.
Encore Session with Medicaid Planning Expert
Presented by Dale Krause, J.D., LL.M., Krause Financial
Dale Krause

Listen to this special encore session with national Medicaid Compliant Annuity expert Dale Krause, J.D., LL.M.

Because of the number of questions from the original webinar with Dale, this session was a Question & Answer format. Dale took any questions participants had on clients who may need long-term care or may use a specially-structured Single Premium Immediate Annuity to accelerate their eligibility for Medicaid to pay for their care while saving their assets in the process.

Attendees Comments:

Here are ideas that the attendees learned from Dale:
I always thought that gifting assets before applying for Medicaid was a no-no. Now I understand that it's possible to build that into Medicaid planning.
Always thought that the maximum MMNA amount was the maximum a community spouse could keep no matter whose it was. Instead it only applies if the community spouse needs to take some of the institutionalized spouse's income.
Crises planning for individuals that do not have the assets to pay for a nursing home care - worst case scenarios
Maybe there is a chance for someone to qualify even without prior planning
Medicaid Compliant Annuities may be appropriate for families who have limited financial resources.
Must plan early
New York State provides a challenge for financial services
Variety between states can be huge.