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Abbey spent the last 75 days of 2019 in a nursing home. The cost of the services provided to her was $24,375 ($325 per day).
- Abbey spent the last 75 days of 2019 in a nursing home. The cost of the services provided to her was $24,375 ($325 per day). Medicare paid $8,800 toward the cost of her stay. Abbey also received $14,720 of benefits under a long-term care insurance policy she purchased. Assume that the Federal daily excludible amount is $370.
- If the amount is zero, enter 0.
- What is the effect on Abbey's gross income?
- The amount of her exclusion is $____________ and the amount included in her gross income is $_____________
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