Section Review

Annuities and MA-LTC

Reporting and Verification

Annuity Transactions

MA-LTC Annuity Requirements

Designating DHS as the PRB

Requirement Conditions

Designation Process

Designation Activity

Transfer Evaluation

Requirement Conditions

Evaluation Method

Actuarially Sound Determination

Transfer Evaluation Activity

Section Review

This completes our discussion of the annuity transfer evaluation. Check your learning by answering the following questions:

1. What are the additional conditions?

The Method 1 criteria that must be met are:

The annuity was purchased with the funds of the MA-LTC client.
The client must be a payee of the annuity.
An MA-LTC annuity transaction has occurred.
The annuity is in the annuitization phase
A transfer exception is not met.

2. What are the steps of the evaluation process?

Step 1: Determine whether the annuity is a commercial annuity.

Step 2: Determine if the annuity issues periodic payments in equal amounts that are not deferred.

Step 3: Determine if the annuity is actuarially sound.

This is the end of the section. Click Next» to go to the next section.

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Transfer Evaluation - Evaluation Method 1

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Updated December 22, 2022.
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