{"id":927,"date":"2015-10-10T20:43:33","date_gmt":"2015-10-11T00:43:33","guid":{"rendered":"https:\/\/fcaphilly.org\/?page_id=927"},"modified":"2016-06-14T19:34:03","modified_gmt":"2016-06-14T23:34:03","slug":"spending-down-for-medicaid","status":"publish","type":"page","link":"https:\/\/www.fcapa.org\/?page_id=927","title":{"rendered":"Spending Down for Medicaid"},"content":{"rendered":"<p>Sometimes it makes sense to spend down some assets in order to qualify for Medicaid.\u00a0If you have few\u00a0assets ($2 \u2013 4k) and limited income (generally under $2k\/mo), you might do this to qualify for Medicaid Only or the Medically Needy program. If you have more significant assets, you might do this when you are trying to qualify for Medicaid for Institutionalization (nursing home).<\/p>\n<div class=\"entry-content\">\n<p>This is typically done when you or your spouse anticipate becoming eligible for Medicaid within six months. Medicaid allow you to put money\u00a0in an irrevocable funeral\/burial trust and that money will not be counted as an asset.\u00a0Money in an irrevocable trust cannot be touched or disbursed until the time of death.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sometimes it makes sense to spend down some assets in order to qualify for Medicaid.\u00a0If you have few\u00a0assets ($2 \u2013 4k) and limited income (generally under $2k\/mo), you might do this to qualify for Medicaid Only or the Medically Needy program. If you have more significant assets, you might do\u2026<\/p>\n<p> <a class=\"continue-reading-link\" href=\"https:\/\/www.fcapa.org\/?page_id=927\"><span>Continue reading<\/span><i class=\"crycon-right-dir\"><\/i><\/a> <\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/www.fcapa.org\/index.php?rest_route=\/wp\/v2\/pages\/927"}],"collection":[{"href":"https:\/\/www.fcapa.org\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.fcapa.org\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.fcapa.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fcapa.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=927"}],"version-history":[{"count":6,"href":"https:\/\/www.fcapa.org\/index.php?rest_route=\/wp\/v2\/pages\/927\/revisions"}],"predecessor-version":[{"id":1134,"href":"https:\/\/www.fcapa.org\/index.php?rest_route=\/wp\/v2\/pages\/927\/revisions\/1134"}],"wp:attachment":[{"href":"https:\/\/www.fcapa.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}