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Elder Law Resources

Spending Down

8/27/2009

Applicants for Medicaid and their spouses may protect savings by spending them on non-countable assets. These expenditures may include:



  • prepaying funeral expenses,


  • paying off a mortgage,


  • making repairs to a home,


  • replacing an old automobile,


  • updating home furnishings,


  • paying for more care at home, or even


  • buying a new home (with up to $750,000.00 in equity iu New York!).




In the case of married couples, it is often important that any spend-down steps be taken only after the unhealthy spouse moves to a nursing home if this would affect the community spouse's resource allowance.

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