Life & Health Chapter 17 | Health Chapter 8 Exam: Health Insurance Plans for Seniors

Medicare Part C is:

  1. government insurance

  2. original Part A and B Medicare

  3. available to those who are enrolled in Medicare Part A and Part B

  4. available to those who are enrolled in a Medicare Supplement Plan with income under $12,000 per year

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

  1. Alcohol rehabilitation

  2. Skilled nursing

  3. Home health care

  4. Intermediate nursing

Which Long Term Care insurance statement is true?

  1. Can only be offered to individuals under the age of 70

  2. Benefits are usually payable for alcohol rehabilitation

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

  4. Inflation protection is usually not offered

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

  1. add the insured's spouse at a later date

  2. pay the same premium for life

  3. buy additional coverage at a later date

  4. cancel the policy at anytime

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

  1. All expenses regardless of the policy limits

  2. The usual, customary, and reasonable expenses regardless of the policy limits

  3. Actual covered expenses up to the daily maximum

  4. A daily dollar amount regardless of the actual incurred expenses