Virginia Regulatory Town Hall
Department of Medical Assistance Services
Board of Medical Assistance Services
Eligibility Conditions and Requirements [12 VAC 30 ‑ 40]
Treatment of Annuities in Medicaid Eligibility Determinations
Action 1656
General Information
Action Summary This action proposes to reduce the sheltering of assets through purchases of annuities by individuals as a means to impoverish themselves thereby qualifying them for Medicaid coverage of long term care services, particularly nursing facility care.
Chapters Affected Only affects this chapter.
Executive Branch Review This action will go through the normal Executive Branch Review process.
RIS Project No project yet assigned to this action
New Periodic Review This action will not be used to conduct a new periodic review.
Stages associated with this regulatory action.
Stage ID Stage Type Status
3005 Fast-Track Stage complete. This regulation became effective on 07/01/2005.
3330 Proposed Stage withdrawn on 03/08/2006 before the Secretary's office completed its review.
Contact Information
Name / Title: Patricia Sykes  / Manager
Address: Div of Policy and Research
600 East Broad St., Suite 1300
Richmond, VA 23219
Email Address:
Phone: (804)786-7958    FAX: (804)786-1680