Missouri Medicaid Spend Down Assistance
Contents
- What is Medicaid Spend Down and how does it work?
- How can Missouri Medicaid Spend Down help me?
- What are the eligibility requirements for Missouri Medicaid Spend Down?
- How do I apply for Missouri Medicaid Spend Down?
- How long does it take for my Missouri Medicaid Spend Down application to be processed?
- How often do I need to renew my Missouri Medicaid Spend Down?
- What happens if I no longer meet the eligibility requirements for Missouri Medicaid Spend Down?
- What are some common misconceptions about Missouri Medicaid Spend Down?
- How can I get more information about Missouri Medicaid Spend Down?
- Where can I find Missouri Medicaid Spend Down resources?
Missouri Medicaid Spend Down Assistance can help you pay for your long-term care.
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What is Medicaid Spend Down and how does it work?
Missouri Medicaid Spend Down is a program that helps some people with high medical bills become eligible for Missouri Medicaid.
To “spend down” means to use up (to spend) your own money on medical care and/or long-term services and supports before Medicaid will pay.
If you are over the age of 21, not pregnant and do not have minor children living at home, you may have to spend down your “excess income” in order to qualify for Missouri Medicaid coverage. Excess income is the amount of money you have left after paying for your housing and utilities and for other allowable expenses.
To begin the Spend Down process, call your local Family Support Division office.
How can Missouri Medicaid Spend Down help me?
Missouri Medicaid Spend Down Assistance can help pay for medical expenses for people who have a high medical bills To be eligible, you must have a high medical bill that is equal to or greater than the amount of your monthly income.
What are the eligibility requirements for Missouri Medicaid Spend Down?
In order to be eligible for Missouri Medicaid Spend Down assistance, you must meet the following criteria:
-You must be a Missouri resident
-You must be a United States citizen or legal permanent resident
-You must be at least 18 years of age (or 17 if emancipated)
-You must be disabled or blind as per Social Security guidelines, or age 65 or older
-You must have countable assets that are valued at no more than $2,000 for an individual or $3,000 for a married couple (excluding your home and vehicle)
How do I apply for Missouri Medicaid Spend Down?
To apply for Missouri Medicaid Spend Down assistance, you will need to provide proof of your income and assets. You will also need to complete an application form and return it to your local office.
How long does it take for my Missouri Medicaid Spend Down application to be processed?
It usually takes about two weeks for your Missouri Medicaid Spend Down application to be processed. If you have any questions about your application, you can contact your local Medicaid office.
How often do I need to renew my Missouri Medicaid Spend Down?
Missouri Medicaid Spend Down renewal is required every 12 months from the date of the spend down approval.
What happens if I no longer meet the eligibility requirements for Missouri Medicaid Spend Down?
If you no longer meet the eligibility requirements for Missouri Medicaid Spend Down, your coverage will end. You may reapply for coverage if you become eligible again.
What are some common misconceptions about Missouri Medicaid Spend Down?
The Missouri Medicaid Spend Down program is a way for people with high medical bills to qualify for Medicaid coverage. Many people have misconceptions about how the program works, so let’s clear a few things up.
First, the Spend Down program is not just for people with high medical bills In fact, anyone who meets the income and asset guidelines can qualify.
Second, the Spend Down program is not just for people who are already on Medicaid. If you are not currently enrolled in Medicaid, but you think you might be eligible for coverage, you can still apply for the Spend Down program.
Third, the Spend Down program does not require you to spend all of your money on medical bills before you can qualify for coverage. You only need to spend down to the level of your income limit.
Fourth, the Spend Down program is not just for people who are elderly or disabled. Anyone who meets the income and asset guidelines can qualify, regardless of age or disability status.
If you think you might be eligible for Missouri Medicaid coverage through the Spend Down program, contact your local Department of Social Services office or call 1-888-324-3577 to find out more.
How can I get more information about Missouri Medicaid Spend Down?
There are several ways to get more information about Missouri Medicaid Spend Down:
-You can contact the Department of Social Services (DSS) at 1-888-235-9990.
-You can visit the DSS website at https://dss.mo.gov/.
-You can contact your local Area Agency on Aging (AAA).
Where can I find Missouri Medicaid Spend Down resources?
Spend down is the process of reducing your countable assets to meet the eligibility requirements for Missouri Medicaid.
There are a number of ways to spend down your assets, including:
– Paying off debts
– Buying exempt items
– Making improvements to your home
– Transferring assets to a trust
You can find more information on Missouri Medicaid’s spend down requirements and how to meet them here: https://www.medicaid.gov/medicaid/eligibility/assets/index.html