If you’ve reached this page, it’s because you or someone you know has faced or is facing “spend down” in order to qualify for Medicaid assistance. Spend down is the regularly misunderstood process by which a couple or an individual reduces the value of the assets they own to a value established by Medicaid’s rules and caseworkers.
Many times, people incorrectly believe or have been incorrectly told that paying for the care of their loved one is the only way to reduce those values. There are many other Medicaid-approved methods for reducing those values that can ensure qualification while also preserving more funds for the spouse at home or for the ongoing additional needs of the individual needing care. These steps are not “hiding” assets - they are using Medicaid’s rules to benefit your loved one to the fullest extent possible.
In many situations, these steps are not ones that needed to be taken years in advance. They can be taken at the time Medicaid assistance is needed and not cause qualification issues for the person in need. However, the steps need to be taken correctly and with care in order to comply with Medicaid regulations.
I have years of experience with Medicaid spend down planning and qualification, and know the steps that are available to help you and your loved one. Schedule an appointment with me using the “Initial Consultation” link below and take the opportunity to learn from an experienced attorney what can be done. Your first consultation is free!