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 ?
Among the reports findings was evidence that the NHAs efforts to spend down unspent Department of Housing and Urban Development grants lacked proper planning and oversight, which invites high risk of waste, fraud and abuse.
In 2016, the multibillion-dollar Atlantic Philanthropies made its final grants, according to the report, and the billion-dollar Edna McConnell Clark Foundation said it would spend down within the next decade.
You won't have to spend down other assets in your portfolio.
That has allowed Polito to stockpile cash while the three Democratic candidates for lieutenant governor spend down their campaign accounts.
Your clients, Tom and Sophie, are among those clients trying to determine the best way to spend down their retirement assets.
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.
This year's report adds a special focus on the effects of ARRA, with new analyses showing how the infusion of funds appropriated in 2009 will spend down over the next few years under current law.
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.
The goal is to calculate your annual needs and spend down your capital during your lifetime.