What is Medicaid Spend Down?

Medicaid Spend Down is spending a person’s money down to below $2,000 in order to qualify for Medicaid assistance to help pay the Nursing Home Bills. A person can Spend Down their money to purchase things such as a prepaid burial plan, repairs and maintenance on the home, updating furniture and appliances and other expenditures as long as it is solely for the benefit of the person applying for Medicaid. You cannot give your money away or spend your money on anyone other than you and your spouse. If you do this will create a penalty which will disqualify you from Medicaid for a period of months.

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