Do annuities disqualify Medicare applications?

Question

Will the assets of tax deferred annuities affact a senior citizen's application for Medicare, Mediaid and MediGap in California

Answer 1

It won't affect Medicare, but it will affect Medicaid and Medi-Gap. Medicaid is a welfare program for those without assets. If you have assets, you should be using them to pay for your own care, and not expecting others to pay for your care.

Answer 2

yes most certainly