Long Term Care Insurance

Pataasin ang iyong marka sa homework at exams ngayon gamit ang Quizwiz!

Occasional visits by which of the following medical professionals will NOT be covered under LTC's home health care? A Attending physician B Registered nurses C Licensed practical nurses D Community-based organization professionals

a

Which of the following statements is true regarding LTC insurance? A LTC policies may not include any riders. B LTC policies do not have a free-look period. C Every policy must offer nonforfeiture benefits to the applicant. D Every policy must offer reduced paid-up insurance to the applicant.

c

An insured's long-term care policy is scheduled to pay a fixed amount of coverage of $120 per day. The long-term care facility only charged $100 per day. How much will the insurance company pay? A 20% of the total cost B $120 a day C $100 a day D 80% of the total cost

b

Regarding long-term care coverage, as the elimination period gets shorter, the premium A Gets lower. B Gets higher. C Remains constant. D Premiums are not based on elimination periods.

b

The inflation protection feature in long-term care policies issued in this state must provide protection for inflation at what percent annually? A 2% B 5% C 6% D 8%

b 5%

All of the following long-term care coverages would allow an insured to receive care at home EXCEPT A Respite care. B Home health care. C Skilled care. D Custodial care in insured's house.

c

When does Medicare cover nursing home care? A Only for those age 80 and older B Medicare covers all nursing home care for eligible policyholders C Only if it is part of treatment for a covered illness or injury D Only if the deductible has been met

c


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