Spend Down Strategy

Spend Down Strategy - 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.

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Identification

Label (rdfs)
Spend Down Strategy
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Definition and Examples

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.
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Additional Information

Comment
From LIST: Legal Issues Taxonomy — https://taxonomy.legal/
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Deprecated
False

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