Master Medicaid spend down with top advisor secrets
Real-World Examples and Financial Context
Consider the case of an individual living in New York, where the Medicaid income limit for a single person is approximately $934 per month. If their monthly income is $1,200, they would need to spend down $266 on medical expenses to qualify. By working with a Medicaid advisor, they can strategically plan their medical expenses to ensure they meet the spend down requirement while maximizing their healthcare benefits4.