Lamar purchased a non-Partnership-qualified long-term care policy with a benefit of $200,000 ? He has a house worth $300,000, a stock account of $250,000, a life insurance policy worth $1,000, and a firearm collection worth $50,000. How much would he have to "spend down" in order to qualify for Medicaid? $248,000 $298,000 $48,000 $299,000