Lana Hawkins’ Blog

On February 8, 2006 President Bush tightened asset spend down rules on seniors seeking nursing home assistance. These rules will force more families to cover the costs of nursing home care and delay coverage for those most needy.
The bill is designed to tighten loopholes that allowed transferring assets to children so they then could qualify [...]

I found this info on this webpage
http://aspe.hhs.gov/daltcp/reports/syncri.htm
“Asset spend-down in nursing homes is the process by which individuals enter nursing homes as private pay clients, deplete their available assets in paying for their care, and then enroll in the Medicaid program once they are impoverished. “Medicaid asset spend-down” is a source of considerable concern to disabled [...]