Section 16 - private insurance plans for seniors

Question 1

A Medicare supplement plan can be canceled by the insurer
A. After the probation period
B. For any changes in the insured’s health
C. Anytime
D. For nonpayment of premiums

Answer 1

For nonpayment of premiums

Question 2

Which of these statements about Medicaid is CORRECT?
A. Pays for Medicare charges exceeding the approved amount
B Intended for senior citizens
C. Funded by federal state and local taxes
D. Administered by the federal government

Answer 2

Funded by federal state and local taxes

Question 3

Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home?
A. Respite care
B. Continuing care
C. Home healthcare
D. Custodial care

Answer 3

Home health care

Question 4

Respite care is able to provide
A. Permanent relief to the patient’s primary caregiver
B. Healthcare to the patient’s primary caregiver
C. Weekly benefit payments to supplement the primary caregiver’s income
D. Temporary relief to the patient’s primary caregiver

Answer 4

Temporary relief to the patient’s primary caregiver

Question 5

The typical long-term care insurance policy is designed to provide a minimum of ______ year(s) of coverage
A. 1
B. 3
C. 5
D. 7

Answer 5

1

Question 6

The difference between a long-term care partnership plan, and a Non-Partnership Plan is which of the following?
A. Pre-existing conditions
B. Levels of benefits
C. Asset protection
D. Elimination

Answer 6

Asset protection

Question 7

Which situation would qualify an individual for receiving benefits from a qualified long-term policy?
A. Becoming unemployed,
B. Becoming temporary disabled
C. Becoming injured on the job
D. Becoming cognitively impaired (mentally ill)

Answer 7

Becoming cognitively impaired (mentally ill)

Question 8

In a long-term care policy, activities of daily living (ADL’S) can be each of the following EXCEPT
A. Talking
B. Dressing
C. Transferring
D. Feeding one

Answer 8

Talking

Question 9

Which of the following provides Medicare supplement policies?
A. Medicare
B. Medicaid
C. Private insurance companies
D. Associates and employers

Answer 9

Private insurance companies

Question 10

A Medicare supplement policy must NOT contain benefits which
A. Charge additional premiums
B. Duplicate Medicare benefits
C. Cover more than Medicare coverage
D. Are covered by Worker’s Compensation

Answer 10

Duplicate Medicare benefits

Question 11

Continuous 24-hour care provided by licensed medical professionals under the direct supervision of a position is called
A. Adult daycare
B. Home healthcare
C. Skilled nursing care
D. Custodial care

Answer 11

Skilled nursing care

Question 12

Someone needing custodial care at home would require which type of coverage?
A. Major medical
B. Disability
C. Long-term care
D. Medicaid

Answer 12

Long term care

Question 13

A Medicare Supplement Policy is
A. Government insurance designed to provide healthcare to the elderly
B. Designed to provide prescription drug coverage to the elderly
C. Design to fill in the gaps of Part A and Part B Medicare
D. A supplement to Medicare advantage part C

Answer 13

Design to fill in the gaps of Part A and Part B Medicare

Question 14

Which type of plan would be most appropriate for an individual on Medicare and is concerned that Medicare will NOT pay for charges exceeding the approved amount?
A. Medicaid
B. Long-term care
C. Medicare supplement plan F
D. Comprehensive major medical

Answer 14

Medicare supplement plan F

Question 15

All ______ policies must be guaranteed renewable.
A. Dental
B. Long-term care
C. Critical illness
D. Disability

Answer 15

Long-term care