http://health.wnylc.com/health/entry/46/ WebWhat is a Spend Down? For SSI and Medicaid, the term “spend down” refers to spending excess money down to the applicable resource limit (which is generally $2,000 for an …

Safe Ways to Spend Down Your Assets to Qualify for Medicaid

WebIf you are a payee for an SSI recipient, you must be particularly careful as to how back payments are spent. This is because if an SSI recipient has more than $2,000 in countable … WebMedically needy individuals can still become eligible by “spending down” the amount of income that is above a state's medically needy income standard. Individuals spend down by incurring expenses for medical and remedial care for … sh st t

How Medicaid Spend Down Works: Rules, Exemptions

WebSupplemental Security Income (SSI) is a needs-based program. To get SSI, your countable resources must not be worth more than $2,000 for an individual or $3,000 for a couple. We call this the resource limit. Countable resources are the things you own that count toward the resource limit. Many things you own do not count. WebDec 20, 2024 · To qualify for SSI, your income must not exceed strict caps the SSA sets and adjusts annually for inflation. The rules encompass both work earnings and money from other sources, such as government benefits or help from family members. If you are above the limit, you cannot get SSI in most cases. WebIf the child has medical costs not covered by Medicaid, the SSI money can be spent on copays for medication, any equipment that Medicaid doesn't cover, and services that Medicaid won't pay for, like counseling or occupational or physical therapy. Lessons and Recreational Expenses theory twist dress in satin