Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

14. During the financial review for Ben, a Medicaid applicant, it was discovered that Ben gifted $50,000 in assets 18 months before he applied Medicaid,

image text in transcribed
14. During the financial review for Ben, a Medicaid applicant, it was discovered that Ben gifted $50,000 in assets 18 months before he applied Medicaid, Ben's monthly income from Social Security is $800the nursing home costs in Ben's ares average $5,000 per month. How long will Ben's penalty period be?
a. 5 months
b. 5.5 months
c. 10 months
d. 60 months
meruce $5,000 pet month. How lone will betis penoly peried be? 1. Siminek tis. 5.3 montis 8 Oo maeths

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Venture capital and the finance of innovation

Authors: Andrew Metrick

2nd Edition

9781118137888, 470454709, 1118137884, 978-0470454701

More Books

Students also viewed these Finance questions