QUESTION
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?
(Search Chapter 7)
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