Valentino is a patient in a nursing home for 50 days of 2022. While in the nursing home, he
incurs total costs of $23,400. Medicare pays $14,040 of the costs. Valentino receives $25,740
from his long-term care insurance policy, which pays while he is in the facility. Assume that the
Federal daily excludible amount for Valentino is $390.
Of the $25,740, what amount may Valentino exclude from his gross income?.
Valentino is a patient in a nursing home for 50 days of 2022- While in.pdf
1. Valentino is a patient in a nursing home for 50 days of 2022. While in the nursing home, he
incurs total costs of $23,400. Medicare pays $14,040 of the costs. Valentino receives $25,740
from his long-term care insurance policy, which pays while he is in the facility. Assume that the
Federal daily excludible amount for Valentino is $390.
Of the $25,740, what amount may Valentino exclude from his gross income?
