If your assets exceed the program limit Medicaid will impose a waiting period, commonly referred to as the Medicaid “spend-down” requirements. During the waiting period, you will be expected to sell your non-exempt assets and rely on the proceeds to cover your LTC bills. The length of the waiting period is determined by dividing your excess assets by the average monthly cost of LTC in your area. For example, imagine that you have $150,000 in non-exempt assets, or $148,000 in excess assets, and that the average monthly LTC cost in your area is $10,000. You divide $148,000/$10,000 which comes out to 14.8. Rounding up, Medicaid would impose a 15-month waiting period.