Chapter 5 Private Insurance Plans for Seniors
Long Term Care policies will usually pay for eligible benefits using which of the following methods?
Expense incurred Most long-term care policies pay on a reimbursement (or expense-incurred) basis, up to the policy limits
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
How long is the typical free look period for Long Term care insurance policies?
30 Days
Which Long Term Care insurance statement is true?
Pre-existing conditions must be covered after the coverage has been in force for six months Pre-existing conditions are those for which medical advice or treatment was recommended by or received from a health provider within 6 months preceding the effective date of an individual long-term care policy.
Medicare Part C is
available to those who are enrolled in Medicare Part A and Part B Medicare Part C (Medicare Advantage) is offered by private insurers and available to those who are enrolled in Medicare Part A and Part B.
