Home Finances What is a Spend Down? with Kelley Smith

What is a Spend Down? with Kelley Smith

Kelley Smith at CarePartners Living discusses Medicaid qualifications. Let’s say that you have $100,000 in the bank. One qualification for Medicaid is having less than $2,000 in the bank, so you would need to spend the rest of that money in ways the state allows, with expenses analyzed for the most recent five years.