Attorney Christine Brown Murphy discusses what constitutes a “medicaid compliant annuity” and how this planning strategy can be used to protect your assets from long term care costs.
- Article
- Elder Law
Attorney Christine Brown Murphy discusses what constitutes a “medicaid compliant annuity” and how this planning strategy can be used to protect your assets from long term care costs.
Though Medicaid exists to help those who need it, navigating the specifics of what it covers and does not cover can be daunting. Here are highlights on the basics of Medicaid coverage.
Research shows that roughly 1 in 7Â adults aged 65 or older will need long-term care at some point in their...
To qualify for Medicaid, you must have limited income and assets (in most states, no more than $2,000 in your name). If you have more than that, you may find yourself having to "spend down" your extra assets to meet the $2,000 limit.