As advised in Administrative Directive 06 OMM/ADM-5, “Deficit Reduction Act of 2005 – LongTerm Care Medicaid Eligibility Changes”, the life expectancy table issued by SSA is required to be used in evaluating whether an annuity purchased by or on behalf of an applicant/recipient on or after February 8, 2006, is actuarially sound. The table is also used in determining whether the repayment term for a promissory note, loan or mortgage is actuarially sound.
The life expectancy table that was attached to 06 OMM/ADM-5 as Attachment VIII, is being
updated to reflect the current information obtained from the Office of the Chief Actuary of the
Social Security Administration. The revised life expectancy table is provided as an attachment
to the GIS link below. Effective with the release of this GIS, districts must use the revised table.
Please direct any questions to your local district support liaison.
Click here to for GIS 23 MA/09 and here for the updated table.