Private insurance plans for seniors
a reimbursement policy pays what amount of covered long term care expenses?
actual covered expenses up to the daily maximum
which of the following types of care is typically not covered in a long term care policy? a. acupuncture b. skilled care c. home health care d. custodial care
acupuncture
Under a Long Term Care policy, which benefit would be typically excluded or limited? a. intermediate nursing b. skilled nursing c. home health care d. alcohol rehabilitation
addictive behavior rehab is normally excluded or limited under long term care policy
Medicare Part C (Medicare Advantage Plans)
available to those who are enrolled in medicare part a and b
long term care policies will usually pay for eligible benefits using
expense incurred to pay on reimbursement up to policy limits
a long term care plan typically provide benefits for
home health care
If a retiree on Medicare required five hospital stays in one year, which policy would provide the best insurance for excess hospital expenses?
medicare supplement policy would provide the subscriber the best coverage for excess charges
what is the minimum number of activities of daily living (ADL) an insured must be unable to perform to qualify for long term care benefits?
2
The individual most likely to buy a Medicare Supplement policy would be a(n)
68 year old male covered by Medicare. Medicare supplements are available to those covered by Medicare
long term care insurance
pre-existing conditions must be covered after the coverage has been in force for six months Provides payment for extended nursing care due to accidents, illness, or old age
the guarantee of insurability option provides a long term care policyowner the ability to
provides the insured with the ability to purchase additional insurance at a later date without evidence of insurability
medicare part be does not cover
voluntary program designed to provide supplementary medical insurance to cover physician, medical services and supplies not covered under part A.
