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Tag Archive 'Spend down'

Medicaid Spend down allow Community Spouse to keep assets to provide for themselves.

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Very few assets can be kept by the applicant and their spouse (the community spouse) in order to qualify for long-term care coverage under the Title 19 program.  The following are the assets they may keep: The primary residence provided the community spouse lives there. An irrevocable, pre-paid Funeral Contract up to $5,400 for the applicant […]

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People often have assets well in excess of what they are allowed to keep and qualify for Title 19.  Therefore, they must “spend down” their assets to the amount allowed.  Oftentimes spend down is made for: a burial plot, funeral contract or car, making home repairs paying off credit card or other debts, paying for […]

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