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Florida’s Medicaid AnnuitiesMedicaid Information Resource (MIR) specializes in helping clients to preserve their assets and avoid spending down their assets on nursing home expenses. Because of our deepened financial planning skills for asset preservation, we can share ideas on how you might restructure your assets to preserve them for family members and avoid "asset spend down". Sometimes, Medicaid Friendly Annuities can be used to preserve all of your family member's assets. Sometimes we recommend other alternatives to assist the family in preserving assets and qualify immediately for Florida Medicaid. Even if the person already resides in the nursing home, it's possible to preserve their assets and get them approved for immediately for Medicaid benefits. Contact us today for a free consultation! Florida Medicaid Annuities - an alternativeThese days, the cost of ongoing nursing home care is considerable. In Florida, the average monthly cost for nursing home care is between $6000 to $7000. Once a person requires this level of care, their life savings can be spent down quite rapidly. However, annuities can be alternatives to avoid "asset-spend-down". |
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Contact:
Bill Ruffing, Medicaid Information Resource |
