Elder law question.Annuity question? What is an annuity? Is it ...

Elder law question.Annuity question? What is an annuity? Is it insured?

Valerie A A?k??: Elder law q???t??n.Annuity q???t??n? Wh?t ?? ?n annuity? I? ?t insured?

?n? ???? ?t count ?? ?n asset ?n Medicaid ???nn?n????? ?? th?? pay a ???? interest? thanks f?r ???r ?n?w?r?.

An?w?r?:

Kerry An?w?r??:
?n annuity ?? a preset guarantee t? pay usually X dollars a month..predetermined??.

medicaid?h??? t? ??k ???r local office/stats ??n vary ?n definiton ?f 'assets'?..?n

annuity policy ?? defenitely ?n asset cuz ?t didnt happen ?n ?t? ?wn?someone h?? t?

arrange ?t via cash somehow?.?? ?t insured??t? ?n?? ???? ?? th? ins. company th?t

wrote ?t??? th? feds insure ?t?Nope

?t earns money via investments ?? ?t ??n continue t? pay th? monthly stipend??.

read th? policy th?t w?? written?see wh?t ??? th? terms ?r?/thats wh?t counts?.n? one

??n really ?n?w?r th?? b?t ???

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