Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

William is the insured under a Wisconsin long-term care partnership policy. A year ago, he entered a nursing home and, to date, the policy has

William is the insured under a Wisconsin long-term care partnership policy. A year ago, he entered a nursing home and, to date, the policy has paid $58,000 of its $100,000 benefit. William applies for Medicaid. Which of the following statements is true?

a. At the time of Medicaid application, William will be able to disregard an additional $58,000 in assets from Medicaid's asset limit.

b. At the time of Medicaid application, William will be able to disregard an additional $100,000 in assets from Medicald's asset limit.

c. At the time of Medicaid application, William will be able to disregard $58,000 in annual income from Medicaid's income requirement.

d. At the time of Medicaid application, William will be able to disregard

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

Cost Estimating

Authors: Rodney D. Stewart

2nd Edition

0471857076, 978-0471857075

More Books

Students also viewed these Accounting questions

Question

Explain why self-acceptance is important for high self-esteem.

Answered: 1 week ago