Brad Suffers from Congestive Heart Failure and Has Been Admitted

question 1248

Multiple Choice

Brad suffers from congestive heart failure and has been admitted to a nursing home where he is expected to spend the remainder of his life. His doctor has certified him as chronically ill. In 2018, Brad receives $320 per day from his life insurance policy for 100 days ($32,000) as accelerated death benefits. Brad's nursing home care costs $300 per day ($30,000 for the 100 days of care) . Brad will be allowed to exclude

• A) $2,000.
• B) $32,000.
• C) $30,000.
• D) $0.

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Definitions:

Reseller

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An organizational entity within the government responsible for specific administrative tasks or policy implementation.