A Medicaid spend down is a process by which an individual reduces their assets in order to become eligible for Medicaid coverage. Medicaid is a government-funded health insurance program that is available to low-income individuals and families. To qualify for Medicaid, an individual must meet certain financial eligibility requirements, which are based on their income and assets.

If an individual’s assets exceed the Medicaid limits, they may be able to “spend down” their assets by using them to pay for medical expenses or other qualifying expenses. Once the individual’s assets are reduced to the Medicaid limit, they may be eligible for Medicaid coverage.

It’s important to note that Medicaid spend down rules can vary by state, and it can be a complex process to determine eligibility for Medicaid. If you are considering a Medicaid spend down as part of your long-term care planning, it is a good idea to consult with an attorney or a financial planner who can help you understand your options and ensure that your plan meets your needs and complies with applicable laws.