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AshBer | Professional Insurance Solution Services
Amber Hinds
Preparing for the Future: Make Medicaid Planning Your New Year’s Resolution
New Year’s Resolutions are all about planning for long-term well-being. Getting back into gym means caring for your health. Improving...
Amber Hinds
Medicaid vs Medicare: Don’t Let Coverage Concerns Ruin the Holidays
The holidays are upon us which means many nursing home residents will be worrying about whether leaving the facility for a family visit...
Amber Hinds
Medicaid Planning and Gift Giving: What You Need to Know
For many across the US, the first snow has already fallen and Christmas is in the air. Or, at least, that’s what people tell themselves...
Amber Hinds
The Medicaid Expansion: The Changing Landscape of Medicaid Eligibility
Those who follow the news have been hearing all about Medicaid expansion. Since its introduction in 2014, 40 states (including DC) have...
Amber Hinds
Do all Insurance Companies Offer Medicaid Compliant Annuities?
No! Only a handful (less than 10) insurance companies nationwide offer Medicaid Compliant Annuities. If you’re searching for an...
Amber Hinds
Does it make sense for one client to purchase multiple Medicaid Compliant Annuities?
Sometimes! There are a couple of scenarios when it is advantageous for a client to purchase more than one Medicaid Compliant Annuity...
Amber Hinds
Gifting Plans in Income Cap States
When planning for an individual client (no spouse), it is common to implement a Gifting & Annuity Plan wherein the Medicaid applicant...
Amber Hinds
Why Purchase an Annuity if the State Medicaid Agency is required to be the beneficiary?
One of the requirements of the Deficit Reduction Act of 2005 (“DRA”) was that the State Medicaid agency must be listed as a remainder...
Amber Hinds
What does “Actuarially Sound” Mean?
In a recent blog post, we explained what a Medicaid Compliant Annuity is. To summarize, in order for an annuity to be “Medicaid...
Amber Hinds
A.M. Best Ratings
When purchasing a Medicaid Compliant Annuity, we often reference the insurance company’s A.M. Best Rating. A.M. Best is an American...
Amber Hinds
What Type of Assets Can be Used to Purchase a Medicaid Compliant Annuity (MCA)?
ANY! If your clients have money in checking accounts, savings accounts, CDs, brokerage accounts, stocks, bonds, whole life insurance...
Amber Hinds
Medicaid and Medicaid Planning Defined
Medicaid is the largest payer of long-term care expenses. With long-term care expenses continuing to rise, it is important to understand...
Amber Hinds
Medicaid Planning and Qualified Accounts
Medicaid Planning with retirement/pre-tax IRA accounts can be confusing, especially because each state treats these accounts a little...
Amber Hinds
Gifting & Medicaid Compliant Annuity Planning for an Individual Client
When implementing a Gifting & Medicaid Compliant Annuity (MCA) Plan for an individual client (no spouse), the goal is to maximize the...
Amber Hinds
Deficit Reduction Act outlines Different Rules for Retirement Annuities vs. Non-Retirement Annuities
A Medicaid Compliant Annuity (“MCA”) is an immediate annuity that converts excess countable resources into an income stream (i.e. a MCA...
Amber Hinds
Purchasing a Medicaid Compliant Annuity Pre-Snapshot vs. Post Snapshot
When planning for a married couple in a state that has a minimum and maximum Community Spouse Resource Allowance (CSRA), the timing of...
Amber Hinds
Name on The Check Beneficiary Example
Thomas and Barbara Smith are married. Barbara is the owner of an IRA valued at $100,000 and she is the spouse that is in need of care. ...
Amber Hinds
Medicaid Annuity Beneficiary Designations
Most elder law attorneys are familiar with the fact that the Deficit Reduction Act of 2005 outlined specific requirements for annuities...
Amber Hinds
New Jersey Medicaid Updates Penalty Divisor, Effective April 1, 2020
New Jersey Medicaid recently released Medicaid Communication NO. 20-05 updating the Penalty Divisor to $357.67 per day as of April 1,...
Amber Hinds
Monthly Maintenance Needs Allowance (MMNA): What Does it Mean and How do Calculate it?
In our previous blog post, we discussed how to calculate the Community Spouse’s Resource Allowance when dealing with a married couple...
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