How is an annuity counted for Medicaid?

There are all types of annuities & how they get dealt with by Medicaid will be very interdependent on how they are written, how long ago, who the owner is and what the beneficiary and settlement aspects are.

So whats the details on this annuity?

I am assuming that you mean for "medicaid" as no assets count when you receive medicare one way or the other? It seems it varies by state, and the bookmark here is an answer to a question to a California attorney. I would run this question past an attorney; perhaps save up a list of questions you need answered, and then buy an hour of time. Sometimes your local banker is a good source of information on these things, but I would want to be certain the person is qualified to answer.
Come back to edit. I can see my bookmarking of link didn't work; but I found it just by googling the question. Good luck.

Annuities and Medicaid Planning