A few years ago, Gary purchased a long-term care partnership policy. He had paid a total of $7,000 in premiums when he made claim for benefits. The policy paid out its full $200,000 benefit. If Gary needs to turn to Medicaid for continued payment of his long-term care costs, how much of his assets will be protected from the spend-down requirement due to his partnership policy?
a. $7,000
b. $193,000
c. $200,000
d. $207,000
