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Course Introduction

In the Annuities 101 course you learned that part of an annuity may be an income stream and another part may be a counted asset when determining eligibility for MA. When determining eligibility for MA payment of LTC services there are two additional requirements you must apply when an MA applicant or enrollee or their spouse reports an interest in an annuity.

This course focuses on those additional requirements for MA-LTC, which are:

• Designating the Minnesota Department of Human Services (DHS) as the preferred remainder beneficiary (PRB) on certain annuities.

• Evaluating certain annuities to determine if an uncompensated transfer has occurred.

Remember! MA-LTC requirements apply not only to people residing in a long-term care facility (LTCF) but also to people who are receiving home and community-based services through any of the waiver programs: CAC, CADI, DD, EW and BI.

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Introduction

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