Valuation of Non-Compliant Annuities

Service Description

If a client owns an annuity and is applying for Medicaid for long term care, it is essential to determine whether the contract meets current Medicaid eligibility requirements. We review existing annuity contracts to evaluate whether they qualify as a Medicaid compliant annuity, including required provisions such as irrevocability, proper payout structure, and state beneficiary designation. If the annuity does not meet Medicaid standards, we identify the compliance issues and outline all available options. This may include restructuring, liquidation, exchange, or coordinating a strategy that aligns with the client’s overall Medicaid planning timeline. A professional annuity review for Medicaid eligibility helps prevent application delays, penalty periods, and unnecessary asset loss. Our valuation provides clear guidance so attorneys and advisors can move forward with a well supported plan.