Medicaid Planning and Annuities: Assessing Treatment of Annuities Under Federal and State Medicaid Planning Rules
Navigating Immediate and Deferred Annuities, Medicaid Compliant Annuities, and Qualified Longevity Annuity Contracts
Recording of a 90-minute CLE webinar with Q&A
This CLE course will discuss the types of annuities individuals and families often own and assess how different types of annuities will be treated under federal Medicaid planning rules and common state statutory requirements. The program will also discuss what if anything can be done with annuities in order to obtain Medicaid eligibility.
Outline
- Overview of types of annuities
- Immediate annuities
- Deferred annuities
- Medicaid-compliant annuities
- Qualified longevity annuities
- Tax treatment: qualified vs. non-qualified annuities
- Pros and cons for Medicaid planning
Benefits
The panel will review these and other key issues:
- What types of annuities are considered a resource that must be used to pay for nursing home care?
- What state law requirements are generally imposed to make an annuity Medicaid compliant?
- What are the retirement benefits of QLACs and how do they fit into Medicaid planning?
Faculty
Dale M. Krause, J.D., LL.M.
President and CEO
Krause Financial Services
Mr. Krause, J.D., LL.M. is the President and CEO of Krause Financial Services – a Wisconsin-based firm that... | Read More
Mr. Krause, J.D., LL.M. is the President and CEO of Krause Financial Services – a Wisconsin-based firm that specializes in crisis Medicaid planning through the use of Medicaid Compliant Annuities and other insurance products. With over 30 years of industry experience, he’s a national expert on using annuities to accelerate eligibility for Medicaid. Mr. Krause earned his B.S. degrees in Sociology and Political Science from the University of Wisconsin-Stevens Point in 1981, his J.D. from Thomas Cooley Law School in 1985, and his LL.M. in Taxation from DePaul College of Law in 1990. He is a member of the Wisconsin State Bar and an emeritus member of the Michigan State Bar. For more information regarding Mr. Krause, his accomplishments, and his company, visit www.medicaidannuity.com.
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Kyla G. Kelim
Attorney
Aging in Alabama
Ms. Kelim focuses her practice on proactive planning involving those in need concerning Medicaid, Medicare and Social... | Read More
Ms. Kelim focuses her practice on proactive planning involving those in need concerning Medicaid, Medicare and Social Security. She is a nationally recognized speaker on nursing home Medicaid, Medicare and Social Security disability matters. She launched Aging in Alabama to help address the crisis in health care coverage facing seniors and their caregivers.
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Lori J. Parker
Atty
Parker Law Office
Ms. Parker has been an attorney for more than 20 years, during which time she has litigated cases, published... | Read More
Ms. Parker has been an attorney for more than 20 years, during which time she has litigated cases, published numerous articles, and served as a professor of law. She was named a U.S. Fulbright Scholar, and she recently received a Masters of Law (LLM) degree in Elder Law. She recently authored the article, Handcrafted Annuities That Will Meet Each Client's Needs, All About Annuities.
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