{"iri":"https://folio.openlegalstandard.org/RDSy8i7St0wjYKKO1GYEPiZ","label":"Spend Down Strategy","sub_class_of":["https://folio.openlegalstandard.org/R79ZRcChNA1jEORJLsPWYSv"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":"From LIST: Legal Issues Taxonomy — https://taxonomy.legal/","deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{},"hidden_label":null,"definition":"A spend-down strategy refers to the deliberate reduction of personal assets in order to qualify for means-tested public benefits (e.g., Medicaid). The strategy involves incurring allowable medical expenses or transferring assets within legal guidelines to meet the eligibility criteria for assistance.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}