Medicaid Planning with Annuities: Long Term Care


Re-Broadcast on December 29, 2017

In the United States, Medicaid pays for the majority of long-term care provided by nursing homes. To qualify for the benefit, a person in need must be a citizen or qualified alien, at least 65 years of age or be disabled, and have limited assets and income. For most, the asset test is the impossible hurdle. Until they spend-down, they are ineligible. This program will show you how that same person can accelerate eligibility by using an Medicaid compliant annuity (MCA).

This course is co-sponsored by Wolters Kluwer.

Key topics to be discussed:

•   Long-Term Care
•   Medicaid Eligibility
•   Medicaid Compliant Annuity (MCA)
•   Case Studies
•   Tips & Tricks

Date / Time: December 29, 2017

•  2:00 pm – 4:00 pm Eastern
•  1:00 pm – 3:00 pm Central
•  12:00 pm – 2:00 pm Mountain
•  11:00 am – 1:00 pm Pacific

Choose a format:

•  Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
•  On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 7 business days after the original recording date and are view-able for up to one year.


Dale M. Krause, J.D., LL.M., Esq. is the President and CEO of Krause Financial Services, LLC, and The Krause Agency, Inc. With more than 25 years of experience, Mr. Krause is a national Veterans Benefits and Medicaid Planning advocate, earning the distinct reputation as the “Pioneer of Medicaid Compliant Annuities.” He is highly regarded as a trusted advisor in the elder law and Medicaid planning industry.

Mr. Krause regularly presents at continuing legal education and financial planning forums throughout the United States. Additionally, he has been instrumental in several landmark Medicaid Compliant Annuity cases and is actively involved in the development of new legislation.

Some of Mr. Krause’s notable affiliations include: the National Academy of Elder Law Attorneys, the National Network of Estate Planning Attorneys, the Financial Planning Association, the Society of Financial Service Professionals, the Academy of Special Needs Planners, ElderLawAnswers, Lawyers With Purpose, the American Association of Attorney-Certified Public Accountants, WealthCounsel Advisors Forum, and ElderCounsel.

Earning his bachelor’s degrees in sociology and political science from the University of Wisconsin-Stevens Point in 1981; his Juris doctor degree from Thomas Cooley Law School, Lansing, Mich., in 1985; and his LL.M. in taxation from DePaul College of Law, Chicago, Ill., in 1990, Mr. Krause has extensive knowledge in the field. He is a practicing member of the Wisconsin State Bar and an emeritus member of the Michigan State Bar. He is also a licensed insurance agent throughout the country.

Mr. Krause’s work and experience have been recognized in major publications including Senior Market Advisor, NAELA News, The Wall Street Journal, and Lawyers Weekly USA. He has been interviewed for and quoted in numerous books and publications, and his presentations have been used as part of CLE course curriculum. He is also routinely a guest speaker and has presented at events and forums such as the National Academy of Elder Law Attorneys (NAELA), the National Network of Estate Planning Attorneys (NNEPA), ElderCounsel, ElderLawAnswers and the American Association of Attorney-Certified Public Accountants (AAA-CPA).

CLE Accreditation:
mylawCLE seeks approval in all states except VA.

CLE 2.00 – AK
CLE 2.00 – AL
CLE 2.00 – AR
CLE 2.00 – AZ
CLE 2.00 – CA
CLE 2.40 – CO
CLE 2.00 – DE
CLE 2.40 – FL
CLE 2.00 – GA
CLE 2.00 – HI

CLE 2.00 – IA
CLE 2.00 – ID
CLE 2.00 – IL
CLE 2.00 – IN
CLE 2.00 – KS
CLE 2.00 – KY
CLE 2.00 – LA
CLE 2.00 – ME
CLE 2.00 – MN
CLE 2.40 – MO

CLE 2.00 – MP
CLE 2.00 – MS
CLE 2.00 – MT
CLE 2.00 – NC
CLE 2.00 – ND
CLE 2.00 – NE
CLE 2.00 – NH
CLE 2.40 – NJ
CLE 2.00 – NM
CLE 2.00 – NV

CLE 2.40 – NY
CLE 2.00 – OH
CLE 2.40 – OK
CLE 2.00 – OR
CLE 2.00 – PA
CLE 2.00 – PR
CLE 2.40 – RI
CLE 2.00 – SC
CLE 2.00 – TN
CLE 2.00 – TX

CLE 2.00 – UT
CLE 2.40 – VI
CLE 2.00 – VT
CLE 2.00 – WA
CLE 2.40 – WI
CLE 2.40 – WV
CLE 2.00 – WY

Accreditation Policy
myLawCLE will seek credit where attending attorneys are primarily licensed for all of its live webinars and live teleconferences, except in states which allow for reciprocity (see reciprocity section below). Credit for CLE in a self-study format is sought for in most states; however, some states do not allow for CLE credit to be earned in a self-study format (see the self-study section below). Many states typically decide whether a program qualifies for MCLE credit in their jurisdiction 4-8 weeks after the program application is submitted. For many live events, credit approval is not received prior to the program. Credit hours granted are subject to approval from each state.

Additionally, some states allow for credit to be granted on a 1:1 reciprocal basis for courses approved in another mandatory CLE jurisdiction state. This is known as a reciprocity provision and includes the following states: AK, AR, CO, FL, ME, MT, ND, NH, NJ, NY, PR, and SD. myLawCLE does not seek direct accreditation of live webinars or teleconferences in these states.

On-demand CLE
myLawCLE will seek on-demand approval in all states except Virginia and Arkansas (outside reciprocal provisions stated above).

myLawCLE Credit Guarantee
myLawCLE offers a program and credit approval guarantee. If a registered attendee is unhappy with a CLE program they have attended, myLawCLE will offer that attended access to another complimentary CLE or a full refund in order to insure the attendee’s satisfaction.

Additionally, on all online CLE programs application for approval will be made in all states where attending attorneys are primarily licensed in. If a registered attorney does not receive credit from their state for any reason, a full refund will be granted.

Section I. Long Term Care
a) About LTC
b) Demographics
c) Probaility & Cost
d) Who pays?

Section II. Medicaid
a) Opportunity
b) Eligibility
c) Protected Assets
d) Spend-down

Section III. What is a Medicaid Compliant Annuity (MCA)?
a) The Parties
b) Typical Designs

Section IV. Tax Treatment: Qualified vs. Non-Qualified

Section V. Case Study #1: Jim and Kathy

Section VI. Case Study #2: Donna

Section VII. Case Study #3: Joy

Section VIII. Explaining MCAs to Clients