TX HHS Form H0059. Notification of Annuity Remainder Beneficiary

The TX HHS Form H0059, Notification of Annuity Remainder Beneficiary, is a crucial document that helps ensure the state's rights as the preferred remainder beneficiary of any annuities owned by Medicaid applicants. This form is typically used in situations where an individual applies for Medicaid and has existing annuity assets.

The form requires the applicant to provide their name and date of birth, as well as notify the issuer of the state's rights as the preferred remainder beneficiary. According to Section 1917(c)(1)(F) of the Social Security Act, this notification is mandatory for Medicaid applicants who own annuities. The issuer must be informed of the state's rights to ensure compliance with federal regulations.

This form plays a critical role in ensuring that the state's interests are protected as the preferred remainder beneficiary of any annuity assets owned by Medicaid applicants. By completing this form, applicants can help streamline the Medicaid application process and avoid potential issues related to their annuity ownership. Key points to note include:

• The form is used for Medicaid applicants who own annuities.
• The state must notify the issuer of its rights as the preferred remainder beneficiary.
• Completion of this form helps ensure compliance with federal regulations and protects the state's interests.