Applicants for Medicaid may protect savings by spending them on Medicaid non-countable assets, which include:
1. prepaying funeral expenses;
2. paying off a mortgage;
3. making repairs to a home;
4. replacing an old automobile;
5. updating home furnishings;
6. paying for more care at home; or even
7. buying a new home.
In the case of married couples, it is often important that any spend-down steps be taken only after the unhealthy spouse moves to a nursing home if this would affect the community spouse’s resource allowance. See www.elderlawanswers.com.