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What is a Medicaid-Compliant Annuity? - Seth Schlessel
From Schlessel Law PLLC - In this episode, we explore the article, "What is a Medicaid-Compliant Annuity?" and its significance in Medicaid planning for Long Island residents. Medicaid-Compliant Annuities (MCAs) play a vital role in long-term care planning, particularly in New York where high costs and strict Medicaid eligibility requirements make strategic asset management essential. We explain how these annuities work, transforming assets into a steady income stream that aligns with Medicaid regulations. This approach can help individuals qualify for Medicaid while preserving their…
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