Mel owns a partnership-qualified LTCI policy and lives in a state that requires the dollar-for-dollar offset method of determining spend down. Mel becomes ill, exhausts his insurance benefits, and spends down the remainder of his nonexempt assets. Mel's medical expenses are $3,500 per month. He receives $1,200 per month in Social Security benefits. At this point, how much of each month's medical costs will be paid for by Medicaid?
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  • a. $3,500
  • b. $1,200
  • c. $3,200
  • d. $2,300

Public Answer

XPYEYT The First Answerer