Long Term Care Policies
Which of the following provides a level of care between custodial care and skilled nursing care
Intermediate care
Which of the following is true regarding a suitability personal worksheet for long term care insurance?
It must be submitted with an application for LTC insurance
For personal long term care insurance for a 65 year old individual, premiums are deductible to the extent they exceed what minimum percentage of adjusted gross income?
7.5%
Regarding long term care coverage, as the elimination period gets shorter, the premium
Gets higher
long term care insurance
May not be right for everyone
an optional long term care insurance benefit that provides a reduced paid up benefit amount is the
nonforfeiture benefit
The long term care insurance outline of coverage includes all of the following except
Advertising material
Occasional visits by which of the following medical professionals will not be covered under under LTCs home health care?
Attending physician
Every insurer providing long term care insurance in North Carolina is required to issue a shopper's guide
Before sale
which of the following provisions states that a company cannot cancel or nonrenew coverage because of a person's health or age, but that premiums can be increased?
Guaranteed renewable
Which of the following types of LTC is not provided in an institutional setting
Home health care
Long term care is care provided in all of the following facilities except
Hospital
North Carolina resident has elected to purchase a long term care insurance option which can increase the maximum daily and lifetime benefits by 5% compounded in each year. this option is
Known as inflation protection
Any contract of insurance offering institutional and noninstitutional support to restore deteriorating health and to maintain functional independence is
Long term care insurance
a long term care policy provision that offers a guarantee that certain policy benefits will remain available even if the insured stops paying premiums is known as a
Nonforfeiture feature
If a premium rate on the insured's long term care policy was increased, the insured may exercise all of the following options except
Pay the increased premium but require the increase in coverage from the insurer
Long term care is primarily
Personal care
Round the clock care, supervised by registered nurse or licensed practical nurse, prescribed by a doctor is the definition of
Skilled nursing care
Regarding long term care policies, which of the following would NOT be included in activities of daily living?
Sleeping
reasons to purchase a long term care policy include
To make sure that the insured can choose the type of care they get
An insured has a long term care policy that includes a rider that states that should he be in a nursing home for 90 consecutive days he can stop his premium payment. this rider is known as
Waiver of premium
Care for eating dressing bathing incontinence, also known as personal care, is called
custodial care
In long term care (LTC) policies, as the benefit lengthens, the premium
increases
A long term care policy that is guaranteed renewable means that
premiums may be increased
How many consecutive months of coverage must LTC insurance provide in this state?
12 months
In this state long-term care benefits are payable if an insured is unable to perform at least how many activities of daily living (ADLs)?
2 ADLs
What is the minimum number of levels of care that long term care policies must provide
3 levels of care
Long term care policies must be issued as
Guaranteed renewable
A North Carolina resident has a long term care policy. According to the contract the company can never raise premiums. what kind of policy is this?
Noncancellable and guaranteed renewable
