Personal Finance and Investing

elocs

(23,691 posts)

9. I think I will take the annuity.

Fri Sep 11, 2015, 10:44 PM

Sep 2015

It will pay me $187/month starting in November rather than waiting for the $230/month pension two years from now. The best thing is that it keeps me Medicaid eligible. There was another annuity plan that offered $202/month but that put me $2 over the income limit for BadgerCare and over is over. Here in Wisconsin Walker did not take the federal money to expand Medicare so it's the 100% FPL or try and get ObamaCare except the problem is that your income is too small. So I get extra money each month 2 years sooner and otherwise leave well enough alone and leaving well enough alone is a valuable lesson I have learned.

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Small pension: Take the lump sum payoff offered or the annuity [View all] elocs Sep 2015 OP

If you rolled it into an IRA why would it affect your Medicaid? PoliticAverse Sep 2015 #1

The asset level for Medicaid (BadgerCare) is $2000. elocs Sep 2015 #6

Rolled over to an IRA would be above the asset level of $2000. elocs Sep 2015 #7

Sorry. Didn't notice this thread was 3 years old. A HERETIC I AM Dec 2018 #11

Would you have to pay income tax on the one-time payout? No Vested Interest Sep 2015 #2

Are you on Soc. Sec. ????? dixiegrrrrl Sep 2015 #3

I am on early Social Security retirement. elocs Sep 2015 #5

Rolling over puts me above the asset level. elocs Sep 2015 #4

$230/month SheilaT Sep 2015 #8

I think I will take the annuity. elocs Sep 2015 #9

Post removed Post removed Dec 2018 #10