spend down

spend down

, spend-down
The deliberate depletion of one's financial assets in order to meet the criteria for insurance support from Medicaid.
References in periodicals archive ?
That has allowed Polito to stockpile cash while the three Democratic candidates for lieutenant governor spend down their campaign accounts.
Well after you've taken it to your local friendly bureau de change to exchange it for a currency you could actually spend down the shops, what would you do then?
The sharpest decrease in advertising was at Marks & Spencer, with food and drink spend down by 54% to [pounds sterling]4.
I collected as many of these as possible early on to keep my total spend down.
Under state partnership programs, individuals who purchase a specially approved insurance policy receive protection against the normal eligibility Medicaid requirement to spend down assets.
With the assurance of a guaranteed lifetime income, seniors can spend down their nest egg savings more aggressively--and live much more comfortably--during the earlier, more active years of retirement.
To cover the $80 million in increased salary costs, the district plans to spend down reserves, sell property and shift some expenses to the construction bonds.
If the spend down can be met, then the resource specialist completes a Request for Medication Assistance form and sends a copy to the hospital outpatient pharmacy with the patient.
This means that policyowners can receive coverage for eligible expenses without having to spend down their assets to qualify for Medi-Cal.
Laura Ashley plunged 18%, down 5p at 22p after saying Christmas was difficult with tourist spend down.
Fifteen per cent fewer people will buy a gift this Sunday than did for their mums, with the average spend down pounds 1.