spend down
Use up reserves
Spend down is to deliberately deplete assets or savings, typically to qualify for government benefits that have income or asset limits.
Someone might spend down their savings to become eligible for Medicaid: She had to spend down her retirement account before qualifying for nursing home coverage.
The term appears frequently in discussions of elder care and benefits planning.
- depleteGreatly reduce supply
- burn throughConsume rapidly, completely
- exhaustUse up entirely
- drainChannel for wastewater
- consumeTake in fully
run out · assets · savings · Medicaid · eligibility · nursing home · nursing facility · elder care · liquidate · resources · threshold · qualify · impoverish · diminish · drawdown · Medicare · long-term care · divest
- healthcare programsMedicare, Medicaid, CMS, beneficiary, beneficiaries