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Dealing with Medicaid Spend Down

In order to be eligible for Medicaid, applicants must have no more than $2,000 (as of 2016) in “countable” assets (the dollar figure may be slightly more, depending on the state). Assets, as distinct from income, for Medicaid purposes are checking and savings accounts, CDs, Stocks, Bonds, personal property, vehicles, real estate, business, etc. Medicaid does exclude…