spend down definition
spend down means an amount of income in excess of the allowable income standard that shall be paid in cash to the department or incurred through the medical services not paid by Medicaid.
spend down means the process of reducing countable income by deducting incurred medical expenses for medically needy individuals, as determined in the State Plan for Medical Assistance.
spend down means a procedure by which an applicant who is ineligible for Medical Assistance due to excess income becomes eligible by deducting incurred medical expenses from excess income.
More Definitions of spend down
spend down means the procedure by which a beneficiary reduces his/her liquid resources (assets) to below guideline limitations. Any voluntary transfer of assets for the purpose of qualifying does not meet spend-down criteria.
spend down means that individuals, who at one time would fail to qualify for Medicaid due to excess income or assets, used private finances for health care expenses until they were poor enough to meet Medicaid eligibility requirements.36 Source: NYSDOH.
spend down or “deductible” means the amount a person is required to pay if a person’s income is above a certain program’s determined income standard. He/she may be required to pay out-of-pocket for some of the services covered by that program before the program will assist.
spend down means the policy that allows an individual to qualify for the Medicaid Program by incurring medical expenses at least equal to the amount by which the individual’s income or assets exceed eligibility limits. It operates similarly to deductibles in private insurance in that the Spend-Down amount represents medical expenses the individual is responsible for paying.
spend down means that which occurs when accountable assets exceed the maximum amount allowed and are liquidated and spent towards the actual care and maintenance cost. This process will continue as long as the accountable assets exceed the maximum amount allowed.
spend down means the monthly process by which an individual's or family's income in excess of the medically needy standard is applied toward incurred medical expenses until the net income no longer exceeds the medically needy standard resulting in eligibility for medical assistance.
spend down means the procedure by which a beneficiary reduces his/her liquid resources (assets) to below guideline limitations. Any voluntary transfer