Can Nursing Homes Take Annuities? 
There are some annuities that people take out in order to protect assets when they go on Medicaid . They are commonly called `` Medicaid annuities '' . If set up with expert advice and attention to every detail , this type of annuity may be protected from having to be spent down on nursing home care , if other funds run out . There are challenges , so it is important to talk to a trusted advisor . 