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Medicaid Crisis Planning: The Financial Lifeline Advisers Need to Understand
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Medicaid Crisis Planning: The Financial Lifeline Advisers Need to Understand
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Journal Article
Medicaid Crisis Planning: The Financial Lifeline Advisers Need to Understand
2025
Overview
As the cost of long-term care rises across the US, many seniors and their families face financial strain when care is suddenly needed. Medicaid compliant annuities (MCAs) offer a strategic solution within crisis Medicaid planning, helping clients qualify for assistance while preserving assets. MCAs are single-premium immediate annuities that convert countable assets into non-countable income streams, meeting strict Medicaid rules. Key features include irrevocability, equal monthly payments, actuarial soundness, and naming the state as a beneficiary. MCAs are particularly useful for married couples where one spouse needs care and the other remains in the community, as well as for single individuals facing asset depletion. When used ethically and with proper legal and financial coordination, MCAs enable clients to maintain financial security while accessing needed care. Advisers who understand this tool can provide critical support during high-stress situations, preserving both dignity and resources.
Publisher
Financial Planning Association
Subject
