An annuity is a financial product that pays a fixed amount of money every year throughout the life of the annuitant. Most annuities are deferred, meaning the payout doesn’t occur until a later date. However, you can receive immediate payouts…
Medicaid provides health and long-term care coverage for seniors and people with disabilities. Qualifications for Medicaid vary by state, with overarching federal guidelines. The Kaiser Family Foundation (KFF), a nonprofit organization focusing on national health issues, recently released findings from…
Low-income seniors with limited assets and income can afford health care and long-term care through Medicaid, a federal/state program. Many seniors believe their only option to qualify for the program is to “spend down” their assets. While this is true…