Medicaid Annuities Battleground: OHIO

Great article from Life Health Pro about the battle between medicaid shielded annuities for the healthy spouse and medicaid spend down laws. Now Ohio is bracing for a change that could accept medicaid annuities (irrevocable) as acceptable asset transfers when it comes to spend down.
Court blocks restrictive state Medicaid annuity practices | LifeHealthPro

On a side note, this is a very unethical area of business (I have heard tales from people involved who saw people pushing the fear of god into people to get them to put their money in an irrevocable annuity), so I am interested to see how this works out.
 
Back
Top