What Happens If My Assets Are Too High?
If your assets exceed the countable resources limit, Medicaid will deny your application and you will be placed in Medicaid “spend-down” status. In essence, you will need to “spend-down” your assets until the value of your non-exempt assets is below the program limit. In practical terms, this means you must use your own “excess” assets to pay for LTC until you reach a point at which Medicaid will approve your application.