NC MEDICARE SUPPLEMENT AND LONG
TERM CARE INSURANCE LICENSING
PRACTICE PAPER 2026 FULL QUESTIONS
AND ANSWERS GRADED A+
◉Medicare Supplement policies must maintain minimum loss ratios.
Answer: (75% Group, and 65% Individual) through annual audited
reports to DOI.
◉If inadequate loss ratios. Answer: refunds or premium credits are
required to be made.
◉LTC must provide benefits for a minimum of. Answer: 12 months
and cannot provide skilled care only.
◉LTC insurers must provide ____ days advance notice of cancellation
to both insured and alternate-named person.. Answer: 30
◉LTC Outline of coverage must be delivered no later than. Answer:
at policy delivery.
, ◉After admission to a custodial facility most LTC policies have a
______. Answer: Elimination Period ("Time Deductible")
◉Medicare enrollment is done at. Answer: local Social Security
offices.
◉Medicare Supplement policies are designed primarily to cover the.
Answer: "cost-sharing" features of Medicare.
◉Home Health benefits cover DME's ____%.. Answer: 80
◉Medicare in-patient Psychiatric benefits are limited to. Answer:
190 days lifetime.
◉Medicare SNF benefits are structured how?. Answer: 100 days per
benefit period. Days 1-20 with no copayment; Days 21-100 are 1/8
of the Part A Deductible.
◉13) The Medicare Part A benefit period (spell of illness) for
hospital and SNF ends. Answer: 60 days after discharge.
◉14) Medicare provides Days 1-90 on a. Answer: non-exhaustible
basis for each benefit period.
TERM CARE INSURANCE LICENSING
PRACTICE PAPER 2026 FULL QUESTIONS
AND ANSWERS GRADED A+
◉Medicare Supplement policies must maintain minimum loss ratios.
Answer: (75% Group, and 65% Individual) through annual audited
reports to DOI.
◉If inadequate loss ratios. Answer: refunds or premium credits are
required to be made.
◉LTC must provide benefits for a minimum of. Answer: 12 months
and cannot provide skilled care only.
◉LTC insurers must provide ____ days advance notice of cancellation
to both insured and alternate-named person.. Answer: 30
◉LTC Outline of coverage must be delivered no later than. Answer:
at policy delivery.
, ◉After admission to a custodial facility most LTC policies have a
______. Answer: Elimination Period ("Time Deductible")
◉Medicare enrollment is done at. Answer: local Social Security
offices.
◉Medicare Supplement policies are designed primarily to cover the.
Answer: "cost-sharing" features of Medicare.
◉Home Health benefits cover DME's ____%.. Answer: 80
◉Medicare in-patient Psychiatric benefits are limited to. Answer:
190 days lifetime.
◉Medicare SNF benefits are structured how?. Answer: 100 days per
benefit period. Days 1-20 with no copayment; Days 21-100 are 1/8
of the Part A Deductible.
◉13) The Medicare Part A benefit period (spell of illness) for
hospital and SNF ends. Answer: 60 days after discharge.
◉14) Medicare provides Days 1-90 on a. Answer: non-exhaustible
basis for each benefit period.
