Should I annuitize my husband's IRA's

by judithrae.brown » Mon Jul 18, 2011 05:53 pm

My 67 year old husband has Lewy Body dementia and has been in a dementia care home since April. I have filed for V.A. and Medicaid benefits to help us. We have SS benefits and small pension benefits plus each have about $60K in IRA's Does my husbands IRA's count toward his Kansas Medicaid spend down? If I annuitize them into an income stream using a J&S 100% option will the IRA's count and could we be penalized because they are not based on his life only?

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