Question
Sandy, who is a widow, made gifts of $11,000 to each of her five children two years ago. Since then, Sandys physical health has deteriorated
Sandy, who is a widow, made gifts of $11,000 to each of her five children two years ago. Since then, Sandy’s physical health has deteriorated rapidly and she needs to enter a nursing home. She currently has $156,000 in countable assets and will be entering a nursing home that costs $5,500 per month. The
average monthly cost of nursing home care in her state is $5,000 per month.
How many months must Sandy be in the nursing home before Medicaid will pay for her care?
Step by Step Solution
3.40 Rating (163 Votes )
There are 3 Steps involved in it
Step: 1
The situation youre describing involves Medicaid and its rules regarding eligibility for nursing hom...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
South-Western Federal Taxation 2018 Comprehensive
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
41st Edition
1337386006, 978-1337386005
