Spending Down Assets

Spending Down Assets to Qualify for Medicaid

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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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Every one of our elder law attorneys cares about seniors, their needs, and their individual situations. We understand that you’ll be sharing personal information with us and be making tough decisions. We will listen to your thoughts, concerns and will evaluate your needs, all while helping you find the best way to fulfill them.

Friedman & Ranzenhofer provide caring, experienced and knowledgeable representation to residents in WNY.  Let our knowledge guide you through the process.