In the latest Warner "Medicaid Moments" vlog, attorney Catherine Jacobs demystifies the “allowable spend down,” as defined by the government, so people whose assets are above Medicaid’s limits can still qualify.
She addresses how this is different based on one’s marital status and gives an overview of several categories of allowable spend down, such as paying off debt, making permissible home repairs and taking care of certain medical expenses. She also covers what not to do when it comes to real estate and gift giving.
Each person’s path to achieving compliance with these rules is unique. Knowing what to protect and how to use excess resources wisely makes it less difficult. Watch the video below.
