Does Medicaid Count Annuities? 
This is a timely question , as a federal court just upheld on 9/10/13 the exemption of a `` Medicaid Annuity '' in North Dakota that was purchased to protect $ 400,000 of assets and speed up eligibility for Medicaid benefits . The state counted the annuity as an asset to be spent down , while federal law exempted it . The State of North Dakota is reviewing the decision and their response to it . Suffice it to say , a Medicaid Annuity must be set up precisely and correctly to survive the battle to get at those funds . You will want to involve an experienced life insurance agent and an experienced lawyer in this type of transaction . 