Accounting /Chapter 15 Private Insurance Quiz

Chapter 15 Private Insurance Quiz

Accounting10 CardsCreated about 2 months ago

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

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Key Terms

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 ...

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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TermDefinition

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