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Medicaid Annuities: How Do They Work? (Part 1)
In order to qualify for Medicaid, a single individual cannot have more than $2,000 in countable assets, and a couple cannot have more than $106,400. Any excess must be either spent down till it’s gone...
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Medicaid Annuities: How Do They Work? (Part 2)
Let’s take another look at how you can use Medicaid annuities. Say you’re single and in the nursing home, and you have about $100,000 of “excess” assets. What can you do to qualify for Medicaid...
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