Page 7
Louisiana Medicaid Eligibility Manual Eligibility Factors
Reissued June 9, 2026
Page 7 of I-1630 Replacing September 23, 2024
Revised/added text indicated by underscore
Deleted text indicated by “**” counted as a resource.
For any annuity disclosed, Medicaid must also notify the issuer of the State’s right as a preferred remainder beneficiary.
Medicaid may also require the issuer to notify it regarding any changes in disbursement of income or principal from the annuity.
The issuer of an annuity may disclose information about the State’s position as remainder beneficiary to others who have a remainder interest in the annuity.
Refusal to disclose sufficient information related to any annuity will result in denial or termination of Medicaid entirely, based on the applicant’s failure to cooperate in accordance with existing Medicaid policies.
When an unreported annuity is discovered after eligibility has been established and after payment for long-term care services has been made, appropriate steps to terminate payment for long term care services will be taken, including appropriate notice to the individual of the adverse action.
In addition to purchases of annuities, certain related transactions which occur to annuities on or after February 8, 2006 make an annuity, including one purchased before that date, subject to all of the annuity provisions that went into effect on February 8, 2006.
Any action taken on or after February 8, 2006 by the individual that changes the course of payment to be made by the annuity or the treatment of the income or principal of the annuity, including:
• Additions of principal,
• Elective withdrawals,
• Requests to change the distribution of the annuity,
• Election to annuitize the contract and similar actions taken by the individual.
Routine changes and automatic events that do not require any action or decision after the effective date of the enactment are not considered transactions that would subject the annuity to treatment under these provisions that went into effect on February 8, 2006.