Chapter Fifteen Quiz Flashcards
In which of the following locations would skilled care most likely be provided?
In an institutional setting
Every insurer issuing long term care contracts in California must:
- Establish standards of agent conduct to prevent misleading comparisions of LTC policies
- Notify insureds of the HICAP program and their right to seek services through HICAP free of charge
- Be certain that excessive replacements or transactions are not being made
An insureds 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?
$120 a day
Who can provide skilled nursing care?
Doctor
Which of the following levels of care in long term care policies specifically includes assistance with activities of daily living?
Personal care
What is the elimination period under a long term care policy?
The amount of time during which no benefits will be paid
Which renewal provisions must be included in a long term care policy issued to an individual?
Noncancellable and guaranteed renewable
Which of the following is covered under long term care policy?
- Adult day care
- Hospice care
- Home health care
How many long term care policies can be sold to an insured within a 12 month period before the number of policies is considered to be unnecessary?
2
What types of services may be provided under long term care’s assisted living care?
- Linens and personal laundry service
- Reminders regarding medication
- Assistance with dressing and bathing
What do living benefit riders do?
Pay part of the policy death benefit to insureds in order to help fund long term care or nursing home care
In long term care insurance, what type of care is provided with intermediate care?
Occasional nursing or rehabilitative care
