This half-day program will review the types of tax-qualified funds (including pensions, supplemental retirement funds and individual retirement accounts) that may be owned by clients applying for Medicaid benefits. The Medicaid policy on these holdings will be discussed including Spousal Impoverishment situations. The program also reviews the basic annuity terms, the types and uses of annuities, Medicaid policy on annuities, and transfer implications.
As a result of the training, participants will be able to:
- Determine the value of a Retirement fund
- Determine the value of Annuity
- Distinguish between the treatment of an Annuity with transactions before and after DRA legislation