Asset Protection from Medicaid Spend Down

Many individuals who apply for Medicaid find that they have too many assets to qualify. Medicaid is a “needs-based” program, and a successful Medicaid applicant must have insufficient assets to pay for one’s own care. Federal law establishes a benchmark for the amount of resources an individual may own to qualify for the program. The process of reducing the value of your assets to qualify for Medicaid is referred to as “spending down.” One misconception is that the only way to reduce the value of one’s assets is to spend them on the Medicaid applicant’s medical care. In reality, there are a wide range of expenditures that will reduce the value of the applicant’s estate that will enable Medicaid eligibility. We specialize in legal ways to reduce the value of the estate while allowing the family to preserve their assets.