We have over 30 years of crisis Medicaid planning experience where we’ve worked closely with agents across the country and helped build their businesses. In doing so, we have earned the distinct reputation as the pioneer of Medicaid Compliant Annuities.

We understand time is very important when dealing with Medicaid benefits. Therefore, obtaining an annuity through our office is an easy and streamlined process. Simply click here to request a quote or contact us to get started.

Only a handful of carriers provide products that are Medicaid compliant. Our office works with several carriers nationwide that specialize in these products, many of which we have partnered with exclusively.  For more information on the products and carriers available in your state, contact our office directly.

Comprehensive proposals are detailed plans that outline how your client can use a Medicaid Compliant Annuity or another insurance product to accelerate their eligibility for benefits. These proposals include a product recommendation as well as the economic results of the plan.

If you already know the desired product, term, and premium amount your client is seeking, we can provide you with a quick quote and the necessary application paperwork. In either scenario, the guidance is completely complimentary.

We require the client’s financial information (income, assets, cost of care) as well as their state of residence and date of birth. On a case-by-case basis, we may require additional information to provide a more appropriate proposal for your client.

We know timing is everything when it comes to Medicaid planning. Upon receipt of all the necessary information, we will return your annuity quote or comprehensive proposal within one business day. If we receive your request for a quote or a proposal, and we need some additional information prior to proceeding, we will contact you as soon as possible.

Appointment paperwork is not available online and must be obtained directly from The Krause Agency. Feel free to inquire via telephone at (800) 255-1932 or by emailing us at [email protected].

You may send the completed agent appointment paperwork via mail, fax (805) 683-6313 or email [email protected]. Your paperwork should include the completed application, a copy of your insurance license(s), proof of E&O, and any other documents that were sent to you for completion. You will receive a confirmation upon receipt informing you that the documentation was received and if any further action is necessary.

Provided that all your agent application documents are submitted and approved, you may start writing business immediately, though you may not be assigned an agent code until after you submit your first piece of business. There are no production limits, but you must submit at least one piece of business every 12 months to stay active with most carriers.

In most cases, no, the application paperwork must be sent to our office for processing. Please speak with a Benefits Planner to learn more about the circumstances in which an application may be sent directly to the carrier. Even if your case is eligible to be sent directly to the carrier, we still strongly recommend sending the application to our office for a complimentary review, and we will forward your application to the carrier via overnight mail.

Specific policies are dependent upon the insurance carrier. Most carriers, however, usually provide commissions during the week following the release of the contract. Timing may vary depending on the circumstances of the case. For more information, please contact our office directly.

Yes, acknowledgement is required, even if no processing fee is due. This document contains important information beyond the processing fee amount, which we require in order to ensure the contract is issued correctly.

Once our office receives the application and funds, the insurance carrier will begin the process of issuing the policy the next business day. Once we receive the policy contract back from the carrier, we will fax a copy to your office immediately, and the originals will follow in the mail. Policies are typically issued within 5-7 business days from the time of submission. This timeframe varies based on the insurance carrier and the method of funding the annuity.

No – all proposals, quotes, and case guidance are complimentary and nonobligatory. A fee may only be due if the client chooses to proceed with the plan and submits an annuity application to our office.  Most annuities with terms that are 48 months or longer do not require a processing fee.

The fee is paid by your client.

No – the fee must be in a separate check or wire transfer.

The fee may be mailed to 1234 Enterprise Drive, De Pere, WI 54115.  If you would like to initiate a wire please email [email protected] or contact your Benefits Planner.

The fee is determined based on the term and investment amount of the annuity. If the annuity has a term of less than 48 months, the fee will be based on our fee schedule.

You can email [email protected] or contact your Benefits Planner to see our up-to-date fee schedule.

For certain insurance products, our company is not compensated by the insurance company. Rather, the insurance company charges us a fee to establish the annuity. In these cases, we charge a processing fee.

 

The processing fee covers the cost of our operation and allows us to employ staff committed to providing you and your client unparalleled customer service. Further, we work diligently on all cases to ensure the annuity purchase follows state and federal guidelines. We expedite the shipping of funds and application materials to the insurance company for policy issuance. Should your client receive a denial, we also offer fair hearing support at no additional charge.