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babymother [125]
2 years ago
12

medicaid is intended for the needy, yet few middle-class families can afford to pay the costs of nursing home care. consequently

many who people enter a nursing home as private-pay patients rapidly deplete their income and assets and thus become poor through a process known as .
Business
1 answer:
kipiarov [429]2 years ago
8 0

Many who people enter a nursing home as private-pay patients rapidly deplete their income and assets and thus become poor through a process known as The Spend-Down Process.

When an individual's income is too high to qualify for Medicaid, he or she may use a Medicaid spend down strategy. To be accepted into the program, the individual must spend down some of his or her income to ensure that his or her income is low enough to qualify for Medicaid. You can apply for Medicaid either through your state's Medicaid agency or through the Health Insurance Marketplace.

Individuals frequently must first complete an income or asset spend down in order to qualify for Medicaid. This means that a portion of the individual's income or assets must be spent, typically on health care and medical-related expenses. However, you could spend money on accumulated debt, such as a mortgage, a car, or credit card balances.

Learn more about Medicaid here:

brainly.com/question/13024687

#SPJ4

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Suppose the U.S. government encouraged consumers to trade in their old automobiles for more efficient, new models by paying up t
evablogger [386]

Answer:

people are Rational

Explanation:

Suppose the U.S. government encouraged consumers to trade in their old automobiles for more efficient, new models by paying up to $5,000 for the old automobiles. These consumers who did trade in their old automobiles to take advantage of the government offer would be exemplifying the economic idea that they are rational.

Rationality refers to Purposeful Behavior which means that individuals behave/make choices/decisions that will maximize their satisfaction, pleasure or utility.

Being rational in economics means that people will weigh the cost and benefits before deciding in favor of higher benefits. Hence in the scenario people will love to change an old car for a new one and still get $5000.

4 0
4 years ago
If the probability of losing your job remains​ _________, a recession would be a good time to purchase a home because the Fed us
gayaneshka [121]

Answer:

low; lowers

Explanation:

The Fed usually lowers the interest rate to improve the economic, to encourage investors and borrowers. When a job is stable that’s the point when fed lowers the interest rate. Likewise, when rates are excessively low, it can further increases economic growth which leads to increase in inflation, decreasing buying power and undermining the supportability of the financial extension.

8 0
4 years ago
The new chief information officer of a national fast food chain is using mathematical tools to aid in product ordering and sched
kkurt [141]

Answer:

behavioral science                

Explanation:

In simple words, Behavioral sciences investigate neural mechanisms within humans, and interpersonal connexions in the surrounding environment within species. It includes the comprehensive examination and evaluation of people and animals behaviour by either the study of history, present-day regulated and metaphysical experience, and <em>structured experimental research and mathematical modelling.   </em>

3 0
3 years ago
Specialized savings accounts are accounts that _____.
Eduardwww [97]
Use special methods to help people save money :)
8 0
3 years ago
Deluxe Building Services offers custodial services on both a contract basis and an hourly basis. On January 1, 2015, Deluxe coll
algol [13]

Answer:

Since there is not enough room here, I prepared the financial statement effects template on an excel spreadsheet that I attached.

a)

January 1, unearned revenue

Dr Cash 30,150

    Cr Unearned service revenue 30,150

b)

January 31, accrued services

Dr Unearned service revenue 5,025

    Cr Service revenue 5,025

c)

January 31, service revenue from hourly custodial work

Dr Accounts receivable 570

    Cr Service revenue 570

Download pdf
4 0
3 years ago
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