Home for the Holidays

The holidays can be a good time to begin conversations with your family and friends about their long-term financial plans.

Did you know that 2 out of 3 Americans who turn 65 will need some kind of long-term care, for up to 3 years?¹

Yet, many do little to plan or prepare for how they might pay for care when they get older.

Medicaid-compliant immediate annuities are a good tool to use for part of Medicaid planning and can help to:

  • Qualify the institutionalized spouse for immediate Medicaid eligibility in order to pay for long-term care.*
  • Qualify for Medicaid assistance when assets are placed within an immediate annuity. Considered as income, they no longer count as available assets.
  • Provide the other spouse with sufficient income and resources to maintain his or her lifestyle.
The Standard's Medicaid-compliant annuity

Download this helpful information on The Standard’s Medicaid-compliant annuity.

This holiday season, start an important conversation with family and loved ones.

Call your InSource Team for ideas, questions or marketing materials at (800) 732-1489.

*In all Medicaid planning scenarios, work with a qualified Elder Care Attorney.

¹Pickett, Mary, and M.d. “Few Plan for Long-Term Care Though Most Will Need It.” Harvard Health Blog, 6 May 2013, www.health.harvard.edu/blog/few-plan-for-long-term-care-though-most-will-need-it-201305066195.