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William is the insured under a Wisconsin long-term care partnership policy. A year ago, he...

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Accounting

William is the insured under a Wisconsin long-term care partnership policy. A year ago, he entered a nursing home and, to date, the policy has paid $58,000 of its $100,000 benefit. William applies for Medicaid. Which of the following statements is true?

a. At the time of Medicaid application, William will be able to disregard an additional $58,000 in assets from Medicaid's asset limit.

b. At the time of Medicaid application, William will be able to disregard an additional $100,000 in assets from Medicald's asset limit.

c. At the time of Medicaid application, William will be able to disregard $58,000 in annual income from Medicaid's income requirement.

d. At the time of Medicaid application, William will be able to disregard

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