Print This Page

What does spend down mean?

Spend down means that you’re using your assets and spending them on yourself. The plan is to qualify for Medicaid. However, in using these assets, you might want to consider talking to an elder law attorney because you may not have to spend all of your assets down. You may be able to transfer these assets through legally authorized vehicles for the purpose of planning for Medicaid in the future. Spending down is something that you want to make sure you’re doing properly if you are going to spend your assets on yourself for the purposes of planning for qualification of Medicaid in the future.