Medi-Cal Planning with Annuities
The prospect of your spouse entering a nursing home for long-term care can be daunting, especially with all of the logistical issues and care coordination concerns that accompany such a move. Financial planning for Medi-Cal eligibility can add more stress, since there are strict asset and income limits that must be adhered to by both the spouse in need of care and the healthy spouse, otherwise known as the well spouse, in order to receive the benefits. One way couples plan for Medi-Cal eligibility is through the use of annuities.
