Medicaid Spend Down

How Prepaying Funeral Expenses Can Help Qualify You for Medicaid

Prepaying for funeral expenses is a strategy known as a “spend down.” It allows you to set aside funds to help reduce your countable assets, making you eligible for Medicaid.

How It Works:

  •  You can establish an irrevocable contract to prepay funeral and burial costs.
  • These prepaid funds are considered exempt assets and will not be included in your Medicaid eligibility calculation.
  • Funds can be used for a variety of funeral services, such as embalming, clothing, flowers, and more.

Planning Ahead:

  • This plan not only helps protect your assets but also ensures that your family has peace of mind and will not have to make difficult decisions during a difficult time.

State-Specific Details:

  • It’s important to work with a funeral director experienced in Medicaid spend down to confirm that funeral expenses are eligible for the spend down process.
  • Medicaid caseworkers may review contracts to ensure they are fully funded.

How to Get Started:

  • If you’re ready to plan ahead and protect your legacy, schedule a consultation with us to learn more about how you can prepay for funeral expenses.