Chapter exam 5: 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

Under long-term care policies which benefits would be typically excluded or limited

Alcohol rehabilitation

Which of the following types of care is typically not covered in long-term care policy?

acupuncture

Medicare part B does not cover

inpatient hospital services

What is the minimum number of activities of daily living(ADL) And insured must be unable to perform to qualify for the long term care benefits?

2

How long is the typical free look. For long-term care insurance policies?

30 days

The individual most likely to buy a Medicare supplement policy would be a

68-year old male covered by Medicare

Medicare part C is

Available to those who are enrolled in Medicare part a and B

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

Buy additional coverage at a later date

Long-term care policies will usually pay for eligible Benefits using which of the following methods?

Expense incurred

Which of the following will long-term care plans typically provide benefits for?

Home healthcare

Nursing home but if it's must be provided for at least 12 consecutive months in which of the following types of policies

Long-term care

If a retiree on Medicare requires 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

Pre-existing conditions must be covered after the coverage has been in force for six months

Qualified long-term care policies may take into consideration applicants pre-existing conditions for a maximum of not more than—— months prior to the effective date of coverage

Six months