Chapter 15 Private Insurance Quiz
This flashcard set covers essential facts about long-term care insurance and Medicare supplement policies, including benefit coverage, qualification criteria, pre-existing conditions, reimbursement policies, and important timelines like the free look period. Ideal for insurance exam prep or quick reference.
which of the following will a long term care plan typically provide benefits for
home health care
Key Terms
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 ...
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
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Term | Definition |
---|---|
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 |