Do Annuities Count Toward Medicaid Eligibility?

Annuities give applicants an option to convert countable (non-exempt) assets into non-countable (exempt) assets. ... However, for Medicaid applicants, income from an annuity is counted towards Medicaid's income limit.

Are annuities considered assets?

Annuities are assets often used by pension plans to secure the payment of benefits for eligible employees. But even a private annuity used by an individual is an asset.

What assets are excluded from Medicaid?