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  • Most annuities pay until death. The amount of the payment will help to cover a nursing home cost. Medicare may cover only a small part of nursing home care. Medicaid can cover a large part of nursing home care, but a significant annuity could make you ineligible.

  • Login to rate this answer:   Answered on 1/18/2016
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.