chapter 15 private insurance quiz Flashcards
which of the following will a long term care plan typically provide benefits for
home health care
what is a minimum number of activities of daily living (ADL) an insured must be able to perform to qualify for long term care benefits
2 without assistance for 90 days
medicare part B does not cover
inpatient hospital services
voluntary program designed to provie supplementary medical insurance to cover physician services, medical services and supplies not covered in part A
how long is the typical free look period for long term care incusrance policies
30 days
the individual most likely to buy a medicare supplement policy would be an
68 year old male covered by medicare
qualified long term care policies may take into consideration an applicants pre-existing conditions for a maximum of not more than _____months prior to the effective date
6
nursing home benefits must be provided for at least 12 consecutive months in which of the following types of policies?
long term care
a reimbursement policy pays what amount of covered long-term care expenses?
actual covered expenses up to the daily maximum
which long term care insurance statement is true
pre-existing conditions must be covered after the coverage has been in force for 6 months
the guarantee of insurability option provides a long term care policy owner the ability to
buy additional coverage at a later date
