The Medicaid spend-down
is similar to a deductible in commercial policies, but most clients must accrue the spend-down
amount each and every month before their Medicaid is activated.
An infant who dies very quickly will not incur large charges, and thus the charges could well be low enough so that it does not make the initially uninsured patient eligible under Medicaid spend-down
The state also promises to protect from spend-down
an amount of patient assets equal to the amount of the benefit.
Federal and state regulations are described as they relate to income and asset eligibility, spousal impoverishment, exempt resources, spend-down
options, Medicaid annuities, preserving the homestead from recovery, and the basic Medicaid appeals process.
This includes postponing any spend-down
amount and the number of months in a quarter are determined by the state Medicaid agency and differ among recipients (Shi & Singh, 2001).
And (4) where necessary, it should show the family how prudent spend-down
may be an appropriate option.
People who are partially insured or at higher income levels are usually given a spend-down
Finance Seminar for the special financial needs of seniors will cover reverse mortgages, living trusts, long-term care, Medi-Cal spend-down
and annuity tax ``time-bombs'' and more, 12:30 p.
5) The 209(b) spend-down
option makes Medicaid eligibility available to disabled persons of any income level in the same way as does a medically needy program.
They also said they want employees to have a spend-down
strategy for their retirement savings.
Incentives for seniors to exercise this option, according to proponents, include avoiding the Medicaid spend-down
process and accepting personal responsibility, recognizing that the long-term care system is under strain and that Medicaid was created to pay for healthcare for the poor.