5632 Disclosure of Annuity Ownership

Official source

Individuals requesting medical assistance must disclose any interest in an annuity as part of the application for benefits. Failure to do results in ineligibility for medical assistance due to non-cooperation (see 2120 ).

All applicants or recipients, or their spouses, reporting an annuity shall be asked for additional information on the annuity. The ES-3167A, Annuity Information Request form and ES-3167, Annuity Information Letter shall be used to obtain the information from the individual. It also serves as a tool for capturing necessary information to determine if a transfer penalty is applicable per 5720 .

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5632 Disclosure of Annuity Ownership

Official source

Individuals requesting medical assistance must disclose any interest in an annuity as part of the application for benefits. Failure to do results in ineligibility for medical assistance due to non-cooperation (see 2120 ).

All applicants or recipients, or their spouses, reporting an annuity shall be asked for additional information on the annuity. The ES-3167A, Annuity Information Request form and ES-3167, Annuity Information Letter shall be used to obtain the information from the individual. It also serves as a tool for capturing necessary information to determine if a transfer penalty is applicable per 5720 .