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

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.

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.

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.

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

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.

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