# Spend Down Strategy

**IRI:** https://folio.openlegalstandard.org/RDSy8i7St0wjYKKO1GYEPiZ

## Labels

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/R79ZRcChNA1jEORJLsPWYSv

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

**Deprecated:** False