The Medicare Catastrophic Coverage Act of 1988 implemented Spousal Impoverishment Protection Legislation in 1989 to prevent marr
ied couples from being required to spend down income and other liquid assets (cash and property) before one of the partners could be declared eligible for Medicaid coverage for nursing facility care. The spouse residing at home is called the __________ spouse.
Explanation: Community spouse is a Medicaid term for the spouse of a Medicaid applicant. However in other to qualify as a community spouse, there are two simple requirements you must meet. Firstly, you must be the husband or wife of a person who resides in a medical institution or nursing facility and is likely to remain there for at least 30 consecutive days, while secondly, you cannot also be receiving long term care in a medical institution, and community spouses either live in a home, apartment, or in an assisted living facility.
When the price level falls, businesses are unable to sell their products at a price high enough to cover costs they have already incurred, putting producers at risk of failure
