Mr. Niemann discusses the beneficial use of a SPIA to protect the income and resources of a Medicaid applicant to financially support a community spouse at home. New Jersey has punitive limitations on the dollar value a community spouse can keep to support himself/herself when their spouse applies for Medicaid’s long term care.
A SPIA is a unique and valuable tool intended to protect a lifetime of income and savings. Mr. Niemann offers his viewers this interesting, yet brief video containing important information about how SPIA can be effectively used to qualify for New Jersey Medicaid and is presented in simple and easy to understand language.
A must watch video for those interested in SPIA in Medicaid Planning.
By Fredrick P. Niemann, Esq., a NJ Medicaid Planning Attorney