The ABCs of MCAs

by Krause Financial

When looking to assist your senior clients who are experiencing some form of Medicaid crisis planning, it is important to remember that even though most seniors have assets that exceed the Medicaid resource limitation, they don’t have to exhaust their life savings in order to receive benefits. Through the use of a specialized insurance product, known as the Medicaid Compliant Annuity (MCA), your client can accelerate their eligiblity while protecting their hard-earned assets in the process. The MCA is a single premium immediate annuity that is specifically designed to help elder law attorneys achieve Medicaid eligibility for their senior clients who are facing a costly nursing home stay. When properly structured, this annuity allows your clients to eliminate their excess countable assets that are preventing them from qualifying for Medicaid and accelerate their eligibility for benefits.  

When determining whether a Medicaid Compliant Annuity may be the right spend-down tool for your client, you may want to consider the following factors:  

  • Whether your client currently resides in a Medicaid-approved facility; 
  • Whether your client has exhausted any Medicare or long-term care insurance benefits; 
  • If your clients are now paying out of pocket for their care; and 
  • If your clients have excess countable assets  

If you think your client could benefit from a Medicaid Compliant Annuity, simply call or email our office the details of your client’s case. We will review the information provided and present to you a customized financial analysis of the case. Once you and your clients have reviewed the plan and are ready to proceed, simply complete the annuity application and return the application and funds to our office. The total process, from the initial quote to receiving the contract in hand, can be completed in as little as seven business days.  For more information about the Medicaid Compliant Annuity and how to work with us, claim your free copy of the all-new, 120-page 2022 Krause Report at 

Krause Financial Services