We appreciate your visit to Zeke is in a penalty period for Medicaid payment of his long term care Which of the following statements is true A Zeke moved into. 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 :
The correct option is c. Zeke is in a penalty period for Medicaid payment of his long-term care because Zeke received a sum of money after qualifying for Medicaid.
Medicaid imposes a penalty period for long-term care payment when assets are transferred for less than fair market value within a certain period, known as the look-back period, usually five years.
Option a: Zeke moving into a non-Medicaid-certified facility doesn't directly imply a penalty period. While Medicaid won't cover care in such a facility, it's not the reason for a penalty period.
Option b: If Zeke gifted assets within the five-year look-back period, it could trigger a penalty period. However, the statement doesn't confirm this as the reason for Zeke's penalty period.
Option c: If Zeke received money after qualifying for Medicaid, it could affect his eligibility, potentially triggering a penalty period. This is the correct reason for a penalty period in this scenario.
Option d: Purchasing long-term care insurance usually doesn't trigger a Medicaid penalty period. In fact, it can help preserve eligibility by covering care costs.
Therefore, the accurate reason for Zeke's penalty period is likely receiving money after qualifying for Medicaid, affecting his financial eligibility.
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