In the Medicaid program, preserve some income and assets for the spouse of a nursing home resident who is on Medicaid.
Tag: MEDICAL
spousal IRA
Trust account established for an individual who is not covered by a qualified employee retirement plan. This account may be created by purchasing individual retirement annuities from an insurance company.
Spouse and children’s insurance rider
Endorsement to an insurance policy that provides insurance coverage for dependents (spouse and children).