Mastering Medicaid Crisis Planning: Strategies for Asset Protection with Medicaid Compliant Annuities
Guest Expert: Dale Krause, J.D., LL.M., Krause & Associates
Date:
Webinar Replay Description
In 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 protect assets from long-term care costs. Through real-life case studies, attendees explored how Medicaid Compliant Annuities (MCAs) can accelerate Medicaid eligibility and preserve wealth for both married and single clients.
Comments
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.
Mastering Medicaid Crisis Planning: Strategies for Asset Protection with Medicaid Compliant Annuities 06-06-2025
Mastering Medicaid Crisis Planning: Strategies for Asset Protection with Medicaid Compliant Annuities Q&A 06-06-2025
Attendees Comments:
"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.