“The Low-Down on the Medicaid Spend-Down”

“The Low-Down on the Medicaid Spend-Down,” by Kara Gansmann, Wilmington Biz Insights

Quote: “During a Medicaid spend-down, individuals and couples may consider spending money on these items:

  • Updating the home. …
  • A new vehicle. Use caution if purchasing a new luxury vehicle, however.
  • Pre-paid irrevocable funeral plans. …
  • Household goods or personal effects for either spouse. …
  • Debt repayment. The key here is to make sure that the debts are repaid only after the Medicaid snapshot date has been established.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

This paid-content article in a local newspaper is typical of the advice on getting Medicaid without consuming wealth that is available on most Medicaid planners’ website. But these techniques are only the tip of the iceberg as clients learn if they retain a Medicaid planner.

The Low-Down on the Medicaid Spend-Down

#medicaid
#spend-down
#goldencareagent