Most people find the spend-down overwhelming at first, Simpson wrote, but once it’s explained to them, people with medical bills usually don’t hesitate to start the process. This article was written by NerdWallet and was originally published by The Associated Press. About the author Alex ...
Either way, whether they are income or assets you can spend them down. We already explained how to spend down income, and we’ll discuss how to do the same with assets below. What are exempt assets for Medicaid eligibility? Some assets are exempt from being counted towards your limits for...
This result cannot be explained away by sample selection, demographics, or uncertainty about prices. One implication of this result is that Medicaid could expand eligibility by raising the asset limit without dramatically increasing expenditures or the number of residents who spend-down....
Then states can choose how much to tax and how much to spend. Just like the Founding Fathers intended. P.P.S. I write about “Fiscal Fights with Friends” when I think someone is well meaning but is pushing subpar policy. Previous editions have focused on tax increases, parental leave, ...
The term “spend down” is often used in reference to eligibility for Medi-Cal benefits, but it does not mean that you must spend all your assets before you qualify. Instead, resources can be transferred or re-titled legally and appropriately to achieve eligibility without destitution. ...
which would require spend-down, in most cases. A spouse may have assets up to $154,140. A Medicaid Applicant may have $2,000 in assets. The law allows for a minimum and maximum income to be diverted to the spouse still living at home.Contact usfor additional details on qualification re...
State spending would rise by a little over nine percent (around $4.7 billion). Normally, states would spend $51.6 billion. But the states would also experience savings that could leave states a net positive budget. For example, the states would face far less in uncompensated cost...
(later known as Osho), the makeshift town’s members all dressed in bright orange and carried out the difficult labor that needed to be done. However, under the rule of Rajneesh — and his right-hand woman Ma Anand Sheela — some particularly shady crimes went down. These included ...
In the complex world of Medicaid eligibility, you need accurate and thorough legal advice (not inaccurate advice from well-meaning but ill-advised friends and/or colleagues). Don’t let others tell you that you must spend down your assets until you have reduced your life savings to nothing ju...