Which of the following will a Long Term Care plan?

Which of the following is not a requirement for qualified long term care plans?

Which of the following is not a requirement for qualified long-term care plans? Long-term care policies cannot accrue cash value. The correct answer is: Policies must accrue cash value.

Which of the following will be included in a policy summary?

A policy summary must be delivered along with the policy and will provide the producer's name and address, the insurance company's home office address, the generic name of the policy issued, and premium, cash value, surrender value and death benefit figures for specific policy years.

What should I look for in long term care insurance?

Which three levels of care are long-term care policies provided with?

Continuing Care Retirement Communities (CCRCs) - Includes three levels of care: independent, assisted living and skilled nursing care.

What is the minimum benefit period that must be offered by a long-term care policy?

Long-term care insurance policies provide coverage for at least 12 months.

What is long-term care planning?

Long-term care involves a variety of services designed to meet a person's health or personal care needs during a short or long period of time. These services help people live as independently and safely as possible when they can no longer perform everyday activities on their own.

What are examples of long-term care facilities?

What are the different types of long-term care?

What is long-term care insurance and who needs it?

Long-term care insurance usually covers all or part of assisted living facilities and in-home care for people 65 or older or with a chronic condition that needs constant care. It is private insurance available to anyone who can afford to pay for it.

Which of the following is covered under Medi Cal?

Medi-Cal covers most medically necessary care. This includes doctor and dentist appointments, prescription drugs, vision care, family planning, mental health care, and drug or alcohol treatment. Medi-Cal also covers transportation to these services. Read more in “Covered Benefits” on page 12.

What does Dave Ramsey say about long-term care?

When Should I Get Long-Term Care Insurance? Dave suggests waiting until age 60 to buy long-term care insurance because the likelihood you'll file a claim before then is slim. About 95% of long-term care claims are filed by people older than age 70, with most new claims starting after age 85.

What are the 3 main types of long-term care facilities?

Essentially, these communities provide care in three different stages: skilled nursing, assisted living, and independent living.

What is long-term care quizlet?

Terms in this set (21) What is long term care (LTC)? Variety of services that help people with personal needs and activities of daily living (ADLs) over a period of time. Can be provided at home, in the community, or in facilities including nursing homes and assisted living facilities.

What does custodial long-term care primarily consist of?

Custodial care is non-medical care provided to assist people with daily living. Custodial-care services may include bathing, cooking, cleaning, and other necessary functions. Medicare and Medicaid both partially cover custodial care services, but only in specific situations and conditions.

What is long-term care Act?

The plan, signed into law in 2019 through the Long Term Care Trust Act, will use a 0.58% payroll tax to pay up to a $36,500 benefit for individuals to pay for home health care and an array of services related to long-term health care including equipment, transportation and meal assistance.

What is the elimination period for long-term care?

An elimination period: Is like the deductible you have on car insurance, except it is measured in time rather than by dollar amount. Most policies allow you to choose an elimination period of 30, 60, or 90 days at the time you purchased your policy. During the period, you must cover the cost of any services you receive.

What factors influence long-term care insurance premiums?

Which of the following types of risk will result in the highest premium?

Which of the following types of risk will result in the highest premium? a. substandard risk-under average insurance risk due to physical condition, personal or family history of disease, occupation, habits or hobbies. This rating incurs the highest premium if policy is issued.

Which of the following would be beneficiary in credit life insurance?

Reason: In credit life insurance, the creditor is the policyowner and the beneficiary; the debtor is the insured. Which of the following is called a "second-to-die" policy?

Which of the following would provide an underwriter?

Which of the following would provide an underwriter with information concerning an applicant's health history? EXPLANATION: An agent's report and inspection report provide personal information.