Follow
Share

My husband is retired on disability, which ends at age 65. Can we convert the assets in his defined contribution plan to an annuity or will Medicaid take the underlying assets if he goes to a nursing home. I know Medicaid will get the annuity payments, but will this be treated as a transfer to avoid Medicaid restrictions?

This question has been closed for answers. Ask a New Question.
Amy, there is such a thing as a "Medicaid Compliant Annuity". You are probably best serves by consulting with a certified eldercare attorney.
Helpful Answer (2)
Report

This question has been closed for answers. Ask a New Question.
Ask a Question
Subscribe to
Our Newsletter