CRPC EXAM 2025 / CRPC All Modules Study
Questions with Correct Answers and
Rationailes / Latest Version Rated A+.
Which of these is false regarding the tax-deductibility of qualified long-term care insurance (QLTCI)
premiums?
A) Self-employed individuals can deduct QLTCI premiums as a business expense.
B) Partners can deduct QLTCI premiums as a business expense.
C) Individuals and couples filing jointly can deduct medical expenses that exceed 7.5% of adjusted gross
income (AGI) in 2021. QLTCI premiums qualify as medical expenses.
D) QLTCI premiums are deductible for this year only, after which they are no longer deductible. -
ANSWER - D)QLTCI premiums are deductible for this year only, after which they are no longer deductible.
The deductibility of QLTCI premiums does not expire after the current year. There are no known plans
for such an expiration date to be implemented.
Which of the following is true regarding Medicare coverage of long-term care (LTC) expenses?
A) Medicare will cover LTC expenses in any facility of the individual's choosing.
B) A doctor must certify the need for skilled nursing care or else Medicare will not pay expenses.
C) Medicare covers expenses for up to five years of LTC.
D) Medicare will cover expenses for individuals who move into LTC facilities without being hospitalized. -
ANSWER - B)A doctor must certify the need for skilled nursing care or else Medicare will not pay
expenses.
Medicare will not pay expenses unless a doctor has certified the need for skilled nursing care. A hospital
stay is required prior to being eligible for long-term care coverage and it must be rehabilitative care.
Medicare will only pay for long-term care for 20 days with no coinsurance and then only up to another
80 days (100 total) with coinsurance applied. Care must be delivered at a Medicare-approved facility.
pg. 1
,All of the following are true regarding Medicare except
A) Medicare is a social insurance program.
B) enrollment during a "special enrollment period" requires documentation that you were previously
enrolled in an employer-sponsored plan.
C) Medicare Advantage plans are available as an alternative to traditional Medicare.
D) if you miss your initial enrollment period you will face a one-time penalty equal to 10% of your
premium. - ANSWER - D)if you miss your initial enrollment period you will face a one-time penalty
equal to 10% of your premium.
If you miss your initial enrollment period, you will face a cumulative penalty equal to 10% of your
premium for every 12-month period during which you could have signed up but didn't. All other
statements are true.
Which one of these is correct regarding Medicare Part D?
A) Medicare Part D is often purchased by individuals choosing Medicare Advantage Plans to add
coverage for prescription drugs.
B) Individuals can select from among plans labeled A through N.
C) These plans are not available through private companies under contract with Medicare.
D) People who enroll in Part D pay a monthly means-tested premium that varies based on the particular
plan. - ANSWER - D)People who enroll in Part D pay a monthly means-tested premium that varies
based on the particular plan.
People who enroll in Part D pay a monthly means-tested premium that varies based on the particular
plan. These plans are available through private companies under contract with Medicare. Medicare Part
D is often included in Medicare Advantage plans and not purchased in addition to them. The donut hole
only gives credit for actual out-of-pocket expenses for generic drugs. Name brand drugs, however, credit
the individual for both the out-of-pocket expenses and also a manufacturer discount. This lowers the
actual amount paid by the individual when the "out-of-pocket maximum" is reached.
All of the following are true regarding Medicare Advantage plans except ?
A) to qualify, the beneficiary normally must be covered by Medicare Part A. Coverage for Part B is
optional.
B) individuals with end-stage renal disease (ESRD) are not eligible.
C)beneficiaries must live in the service area of a health plan.
pg. 2
,D) Medigap plans are not available to help with the out-of-pocket costs Medicare Advantage plans leave
to individuals. - ANSWER - A)to qualify, the beneficiary normally must be covered by Medicare Part A.
Coverage for Part B is optional.
To qualify, beneficiaries normally must be covered by parts A and B of Medicare and live in the plan's
service area. Individuals with ESRD are not eligible for Medicare Advantage Plans; however, ESRD
beneficiaries currently in a Medicare health plan can remain in the plan. Individuals enrolled in Part C of
Medicare (Medicare Advantage) cannot purchase and do not need Medigap policies.
A standardized Medigap plan is designed to cover ?
A) charges that are considered nonmedical and are not covered by Medicare.
B) Medicare-approved charges that are not paid by Medicare.
C) Medical charges that are not eligible for coverage by Medicare.
D) long-term care expenses when treatment lasts longer than 100 days - ANSWER - B)Medicareapproved
charges that are not paid by Medicare.
Medigap insurance is designed to supplement Medicare's benefits by filling in some of what Medicare
does not cover, such as deductibles and coinsurance; it covers only Medicare-approved charges.
Standardized Medigap plans pay only for long-term care while the beneficiary qualifies for benefits from
Medicare, and is limited to paying the coinsurance from the 21st through 100th days.
Which is true of Medicare benefits?
A) They are available even if a client continues to work after age 65.
B) They are not available until Social Security full retirement age (FRA).
C) They vary depending on an individual's age.
D) They vary depending on an individual's AGI. - ANSWER - A)They are available even if a client continues
to work after age 65.
It is true that Medicare benefits are available even if a client continues to work after age 65. The only
difference is that they would need to file an application if not yet receiving Social Security benefits.
Individuals become eligible for Medicare at age 65; the change in Social Security's FRA does not change
the age an individual may be eligible for Medicare. Also, unlike Social Security, Medicare benefits are not
affected by an individual's earnings or the amount he or she has paid into the system over the years.
pg. 3
, Coverage under Part A of Medicare includes all of the following except ?
A) inpatient hospital care.
B) physician services.
C) psychiatric hospital care.
D) hospice care. - ANSWER - B)physician services.
Physician services are covered by Part B of Medicare. Part A covers up to 190 days of psychiatric care, 90
days on inpatient hospital care per benefit period (with a 60-day lifetime reserve), and unlimited hospice
care.
Which one of the following is not a typical way to plan for the management of property if a client
becomes incapacitated?
A) Create a durable power of attorney.
B) Spend down the assets.
C) Nominate a conservator for the property.
D) Create a trust. - ANSWER - B)Spend down the assets.
Spending down assets has limited usefulness in planning for incapacity. It is clearly not a recommended
action prior to incapacitation, and the negative effects outweigh the positive that might accrue if a
person became incapacitated.
All of the following are true regarding living wills except ?
A) they must be witnessed by people who are not heirs of the maker.
B) they allow the maker to dictate what life-sustaining measures may be taken if the maker becomes
incapable of consenting to treatment. C) they must be signed.
D) they apply to routine illnesses. - ANSWER - D) they apply to routine illnesses.
Living wills apply only when the maker has a terminal illness and death is imminent.
Which one of the following is true regarding Medicare Part A?
A) It pays doctor bills.
B) It covers outpatient hospital care.
C) It helps pay for care in a skilled nursing facility for up to 100 days.
pg. 4
Questions with Correct Answers and
Rationailes / Latest Version Rated A+.
Which of these is false regarding the tax-deductibility of qualified long-term care insurance (QLTCI)
premiums?
A) Self-employed individuals can deduct QLTCI premiums as a business expense.
B) Partners can deduct QLTCI premiums as a business expense.
C) Individuals and couples filing jointly can deduct medical expenses that exceed 7.5% of adjusted gross
income (AGI) in 2021. QLTCI premiums qualify as medical expenses.
D) QLTCI premiums are deductible for this year only, after which they are no longer deductible. -
ANSWER - D)QLTCI premiums are deductible for this year only, after which they are no longer deductible.
The deductibility of QLTCI premiums does not expire after the current year. There are no known plans
for such an expiration date to be implemented.
Which of the following is true regarding Medicare coverage of long-term care (LTC) expenses?
A) Medicare will cover LTC expenses in any facility of the individual's choosing.
B) A doctor must certify the need for skilled nursing care or else Medicare will not pay expenses.
C) Medicare covers expenses for up to five years of LTC.
D) Medicare will cover expenses for individuals who move into LTC facilities without being hospitalized. -
ANSWER - B)A doctor must certify the need for skilled nursing care or else Medicare will not pay
expenses.
Medicare will not pay expenses unless a doctor has certified the need for skilled nursing care. A hospital
stay is required prior to being eligible for long-term care coverage and it must be rehabilitative care.
Medicare will only pay for long-term care for 20 days with no coinsurance and then only up to another
80 days (100 total) with coinsurance applied. Care must be delivered at a Medicare-approved facility.
pg. 1
,All of the following are true regarding Medicare except
A) Medicare is a social insurance program.
B) enrollment during a "special enrollment period" requires documentation that you were previously
enrolled in an employer-sponsored plan.
C) Medicare Advantage plans are available as an alternative to traditional Medicare.
D) if you miss your initial enrollment period you will face a one-time penalty equal to 10% of your
premium. - ANSWER - D)if you miss your initial enrollment period you will face a one-time penalty
equal to 10% of your premium.
If you miss your initial enrollment period, you will face a cumulative penalty equal to 10% of your
premium for every 12-month period during which you could have signed up but didn't. All other
statements are true.
Which one of these is correct regarding Medicare Part D?
A) Medicare Part D is often purchased by individuals choosing Medicare Advantage Plans to add
coverage for prescription drugs.
B) Individuals can select from among plans labeled A through N.
C) These plans are not available through private companies under contract with Medicare.
D) People who enroll in Part D pay a monthly means-tested premium that varies based on the particular
plan. - ANSWER - D)People who enroll in Part D pay a monthly means-tested premium that varies
based on the particular plan.
People who enroll in Part D pay a monthly means-tested premium that varies based on the particular
plan. These plans are available through private companies under contract with Medicare. Medicare Part
D is often included in Medicare Advantage plans and not purchased in addition to them. The donut hole
only gives credit for actual out-of-pocket expenses for generic drugs. Name brand drugs, however, credit
the individual for both the out-of-pocket expenses and also a manufacturer discount. This lowers the
actual amount paid by the individual when the "out-of-pocket maximum" is reached.
All of the following are true regarding Medicare Advantage plans except ?
A) to qualify, the beneficiary normally must be covered by Medicare Part A. Coverage for Part B is
optional.
B) individuals with end-stage renal disease (ESRD) are not eligible.
C)beneficiaries must live in the service area of a health plan.
pg. 2
,D) Medigap plans are not available to help with the out-of-pocket costs Medicare Advantage plans leave
to individuals. - ANSWER - A)to qualify, the beneficiary normally must be covered by Medicare Part A.
Coverage for Part B is optional.
To qualify, beneficiaries normally must be covered by parts A and B of Medicare and live in the plan's
service area. Individuals with ESRD are not eligible for Medicare Advantage Plans; however, ESRD
beneficiaries currently in a Medicare health plan can remain in the plan. Individuals enrolled in Part C of
Medicare (Medicare Advantage) cannot purchase and do not need Medigap policies.
A standardized Medigap plan is designed to cover ?
A) charges that are considered nonmedical and are not covered by Medicare.
B) Medicare-approved charges that are not paid by Medicare.
C) Medical charges that are not eligible for coverage by Medicare.
D) long-term care expenses when treatment lasts longer than 100 days - ANSWER - B)Medicareapproved
charges that are not paid by Medicare.
Medigap insurance is designed to supplement Medicare's benefits by filling in some of what Medicare
does not cover, such as deductibles and coinsurance; it covers only Medicare-approved charges.
Standardized Medigap plans pay only for long-term care while the beneficiary qualifies for benefits from
Medicare, and is limited to paying the coinsurance from the 21st through 100th days.
Which is true of Medicare benefits?
A) They are available even if a client continues to work after age 65.
B) They are not available until Social Security full retirement age (FRA).
C) They vary depending on an individual's age.
D) They vary depending on an individual's AGI. - ANSWER - A)They are available even if a client continues
to work after age 65.
It is true that Medicare benefits are available even if a client continues to work after age 65. The only
difference is that they would need to file an application if not yet receiving Social Security benefits.
Individuals become eligible for Medicare at age 65; the change in Social Security's FRA does not change
the age an individual may be eligible for Medicare. Also, unlike Social Security, Medicare benefits are not
affected by an individual's earnings or the amount he or she has paid into the system over the years.
pg. 3
, Coverage under Part A of Medicare includes all of the following except ?
A) inpatient hospital care.
B) physician services.
C) psychiatric hospital care.
D) hospice care. - ANSWER - B)physician services.
Physician services are covered by Part B of Medicare. Part A covers up to 190 days of psychiatric care, 90
days on inpatient hospital care per benefit period (with a 60-day lifetime reserve), and unlimited hospice
care.
Which one of the following is not a typical way to plan for the management of property if a client
becomes incapacitated?
A) Create a durable power of attorney.
B) Spend down the assets.
C) Nominate a conservator for the property.
D) Create a trust. - ANSWER - B)Spend down the assets.
Spending down assets has limited usefulness in planning for incapacity. It is clearly not a recommended
action prior to incapacitation, and the negative effects outweigh the positive that might accrue if a
person became incapacitated.
All of the following are true regarding living wills except ?
A) they must be witnessed by people who are not heirs of the maker.
B) they allow the maker to dictate what life-sustaining measures may be taken if the maker becomes
incapable of consenting to treatment. C) they must be signed.
D) they apply to routine illnesses. - ANSWER - D) they apply to routine illnesses.
Living wills apply only when the maker has a terminal illness and death is imminent.
Which one of the following is true regarding Medicare Part A?
A) It pays doctor bills.
B) It covers outpatient hospital care.
C) It helps pay for care in a skilled nursing facility for up to 100 days.
pg. 4
