Spend down requirement in Medicaid The requirement to "spend down" in order to receive Medicaid for nursing home or other medical care means that,in many states,individuals must:
A) give away their assets to their children before they can qualify for medical coverage.
B) pay their physicians a guaranteed amount to cover a year's worth of charges.
C) consult with a financial planner who will determine how best to use their assets.
D) use up assets and income to pay their medical bills,after which they will be covered.
Correct Answer:
Verified
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