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Assume that all of the following strategies are available in the state where the client is seeking Medicaid eligibility for nursing home care. The client

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Assume that all of the following strategies are available in the state where the client is seeking Medicaid eligibility for nursing home care. The client is a married couple who are both over age 75 and one of the spouses has just moved into a nursing home. The couple has assets above the eligibility level for Medicaid but will not be able to afford more than two years of nursing home costs. Which of the following strategies would be most appropriate for this married couple who want to provide adequate means for the community (non-institutionalized) spouse and preserve some assets for family members? a. Medicaid-compliant annuity b. Irrevocable trust c. Long-term care insurance Assume that all of the following strategies are available in the state where the client is seeking Medicaid eligibility for nursing home care. The client is a married couple who are both over age 75 and one of the spouses has just moved into a nursing home. The couple has assets above the eligibility level for Medicaid but will not be able to afford more than two years of nursing home costs. Which of the following strategies would be most appropriate for this married couple who want to provide adequate means for the community (non-institutionalized) spouse and preserve some assets for family members? a. Medicaid-compliant annuity b. Irrevocable trust c. Long-term care insurance

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