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Medicaid is a United States health programme for certain people and families with low income and resources Glen Rice Jersey , or those U.S citizens with certain disability. Medicaid is the largest source of funding for medical and health-related services for people with limited income in the United States. It is not necessary that one has to fall under below poverty line to qualify for Medicaid.


Medicaid compliant annuity - an insurance product


The increasing number of options for Medicaid annuities has raised the insurance agents, financial planners and insurance companies.Medecaid friendly annuities is gaining popularity with the passage of time but when we talk about Medicaid complaint annuity ,it is being offered by very less number of insurance companies. Asset Preservation Strategies (contact by visiting: has earned a reputation as one of the leading planning companies in the nation when it comes to Medicaid compliant annuities. They have assumed a leadership role in delivering the necessary tools for elder law attorneys and financial professionals to successfully participate in the Medicaid planning industry. They after analyzing your situation, expenses and assets deeply provide you with a planning letter which if acted upon may qualify you for Medicaid or Veteran’s benefits while allowing you to keep more of your cash Alonzo Mourning Jersey , savings, assets and income. A Medicaid compliant annuity is an insurance product. If properly structured, it will allow you to take a sum of money that would otherwise have to be spent on nursing home care, keep it Percy Miller Jersey , and turn it into a stream of income that will pay you back over a period of years.


Medi-Cal: terms and rules


Medicaid annuity California is referred to as Medi-Cal and it is equivalent to Medicaid in other U.S.states.To qualify for it you must be under some property limits. Under Medi-cal property is the real estate as well as liquid property, such as bank accounts, retirement accounts and trust funds. When a person receives Medicaid annuities California, the state of California has the right to seek reimbursement from their estate for all benefits received after the age of 55. The state will not seek reimbursement if a spouse or a registered domestic partner remains in the home Larry Johnson Jersey , but can file a complaint as it has the right to take away the property if an obligation is not discharged that will take place after their death. However, there are certain ways in which you can protect your property from Medi-Cal.
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