Long Term Care Insurance
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