Wednesday, April 11, 2012

Medicaid's Treatment of IRA Annuities

In most states retirement accounts and retirement annuities are treated differently for Medicaid purposes. A retirement account will traditionally be considered under the retirement asset rules, and applied to eligibility accordingly. A retirement annuity will traditionally be considered under the annuity rules, and applied to eligibility accordingly. In short, the investment vehicle is first considered, and then the tax status of the funds held inside.

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