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

Answer: 30 days

Most Long Term Care policies require a 30-day free look period.

Question: Nursing home benefits must be provided for at least 12 consecutive months in which of the following types of policies?

Answer: Long-Term Care

Long-Term Care policies are designed to provide nursing home benefits on an extended basis of at least twelve consecutive months.

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

Answer: 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.

Question: The individual most likely to buy a Medicare Supplement policy would be a(n)

Answer: 68-year old male covered by Medicare

Medicare Supplements are available to those covered by Medicare.

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

Answer: Expense incurred

Most long-term care policies pay on a reimbursement (or expense-incurred) basis, up to the policy limits.

Question: Which Long Term Care insurance statement is true?

Answer:

Question: Which of the following will a Long Term Care plan typically provide benefits for?

Answer: home health care

A Long Term Care policy will typically pay for home health care.

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

Answer: Acupuncture

Question: Medicare Part C is

Answer: 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.

Question: Under a Long Term Care policy, which benefit would be typically excluded or limited?

Answer: Alcohol rehabilitation

Addictive behavior rehabilitation is normally excluded or limited under a Long Term Care policy.