Module Introduction
The second MA-LTC annuity requirement is to complete an annuity transfer
evaluation. All annuities reported by an applicant requesting MA-LTC must be evaluated for a possible transfer.
Definition: To cause right, title, or interest in real or personal property to pass from one person to another.Exception:
- Do not complete an annuity transfer evaluation to employment-based pension plans held in the form of an annuity.
When an uncompensated transfer
is identified through the annuity transfer evaluation process for an applicant requesting MA-LTC, a
transfer penalty must be initiated if the applicant is “otherwise eligible” for MA-LTC.
When you have completed this module, you will be able to:
- List conditions that must be met in order to apply the transfer evaluation requirement.
- Follow and apply the annuity transfer evaluation process.
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Transfer Evaluation - Requirement Conditions