4 - (Questions) Private Insurance Plans for Seniors

Periodic increases in policy benefits are allowed in which long-term care policy provision?

An inflation protection provision allows for a periodic increase in policy benefits due to inflation.

Which of the following would be considered an activity of daily living under a long term care policy? Bathing Running Working Breathing

Bathing is considered an activity of daily living (ADL).

Under a long-term care insurance policy, adult day care coverage will provide for

part time care at a facility for elderly individuals who live at home.

What portion does an insured pay for covered expenses under Medicare Part B after the deductible?

After the deductible, a patient pays 20% of covered expenses under Medicare Part B.

All of these statements concerning Medicare are true EXCEPT Medicare is primarily funded by Federal payroll and self-employment taxes Long-term care is covered by Medicare Part C Hospice is covered by Medicare Part A Doctors' services are covered by Medicare Part B

Long-term care is covered by Medicare Part C Medicare Part C does NOT cover long-term care.

Which of the following plans will cover medical costs that Medicare doesn't cover? Major medical Indemnity Medi-Cal Medicare supplement

Medicare supplement insurance policies are sold by private insurance companies to cover medical costs not covered by the government in Medicare Parts A and B.