We appreciate your visit to During the financial review for Ben a Medicaid applicant it was discovered that Ben gifted 50 000 in assets 18 months before he applied for. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
Ben's penalty period will be 10 months.
Explanation:
To determine the penalty period for Ben, we need to divide the total value of the gifts ($50,000) by the average monthly cost of nursing home care in his area ($5,000).
Penalty period = Total value of gifts / Average monthly cost of nursing home care
Penalty period = $50,000 / $5,000
Penalty period = 10 months
Therefore, Ben's penalty period will be 10 months.
Learn more about determining the penalty period for medicaid applicants who have made gifts here:
https://brainly.com/question/29640495
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Thanks for taking the time to read During the financial review for Ben a Medicaid applicant it was discovered that Ben gifted 50 000 in assets 18 months before he applied for. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
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Final answer:
Ben's penalty period will be 10 months.
Explanation:
To determine the penalty period for Ben, we need to divide the total value of the gifts ($50,000) by the average monthly cost of nursing home care in his area ($5,000).
Penalty period = Total value of gifts / Average monthly cost of nursing home care
Penalty period = $50,000 / $5,000
Penalty period = 10 months
Therefore, Ben's penalty period will be 10 months.
Learn more about determining the penalty period for medicaid applicants who have made gifts here:
https://brainly.com/question/29640495
#SPJ14
