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Medicaid Friendly

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confused in MS

Junior Member
What is the name of your state? MS

I had a senior advacate tell me today that there are 4 Medicade Friendly Annunities. That the interest on these goes to the Nursing Home, but the principal stays safe for the beneficeries. Has anyone heard or used these?
 


BlondiePB

Senior Member
confused in MS said:
What is the name of your state? MS

I had a senior advacate tell me today that there are 4 Medicade Friendly Annunities. That the interest on these goes to the Nursing Home, but the principal stays safe for the beneficeries. Has anyone heard or used these?
Have you ever heard of conversion (of funds)?
 

confused in MS

Junior Member
Is that like an IRA vs a Roth IRA? Are the medicade friendly Annunities legal, and are they a safe investment, protecting the elderly along with their heirs?
Thanks
 

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