Private Insurance Plan For Seniors

Which of the following types of care is typically not covered in a Long-Term Care policy?

Acupuncture

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.

Which of the following will a Long Term Care plan typically provide benefits for? -disability income -death -unemployment -home health care

home health care

How long is the typical free look period for Long Term care insurance policies?

30 Days

Qualified Long-Term Care policies may take into consideration an applicant's pre-existing conditions for a maximum of not more than __ month(s) prior to the effective date of coverage.

6 If a pre-existing condition waiting period applies, the policy must not exclude coverage for any pre-existing conditions that occurred more than 6 months prior to the effective date of coverage. These conditions cannot be excluded beyond 6 months after the policy is issued.

A "reimbursement policy" pays what amount of covered Long-Term Care expenses?

Actual covered expenses up to the daily maximum

Long Term Care policies will usually pay for eligible benefits using which of the following methods?

Expense incurred

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

Which Long Term Care insurance statement is true? -Inflation protection is usually not offered -Benefits are usually payable for alcohol rehabilitation -Can only be offered to individuals under the age of 70 -Pre-existing conditions must be covered after the coverage has been in force for six months

"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.

The guarantee of insurability option provides a long-term care policyowner the ability to

"buy additional coverage at a later date". In long-term care insurance, the guarantee of insurability option provides the insured with the ability to purchase additional insurance at a later date without evidence of insurability.

Medicare Part B does NOT cover - occupational therapy - inpatient hospital services - physician and surgeon services - medical equipment rental

"inpatient hospital services". Medicare Part B is a voluntary program designed to provide supplementary medical insurance to cover physician services, medical services, and supplies not covered under Part A.