The Advocate Blog

Medicaid Crisis Planning & The Medicaid Compliant Annuity

Do you have a parent or spouse that may need to consider moving into a nursing home? This episode describes one way to prepare for nursing home costs and it is called the Medicaid Compliant Annuity. It offers you a way to save the hard earned money you saved over the years rather than spend it all in the first 2 years of nursing care. This is an annuity that only married couples can use, so if you are married or know a couple that could use this advice, please share!  We have been using these annuities to help individuals for over 10 years but we still find most people have never heard of this technique before. If you have any questions, email or call us at ryan.stark@lpl.com or 410-663-0700.