Spending Down Assets
Spending Down Assets to Qualify for Medicaid
In order to qualify for Medicaid, you must have a set amount of “countable” assets. Learn how spending down assets to qualify for Medicaid can work for you in this educational legal video.For Medicaid eligibility, an applicant can have only $14,850 plus a number of exempt assets. In order to become eligible, applicants have the option of spending down their assets. Medicaid recipients are entitled to have one automobile, and to reach the $14,850 threshold, applicants can make improvements to their home and pay off debts.
This educational video was brought to you by Robert Friedman, one of our experienced Buffalo Medicaid Lawyers.
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