Unit 21 Quiz-Long Term Care exam study guide 2024 with questions and answers already graded a+.

The type of care that provides assistance with the activities of daily living performed by unskilled helpers is known as A) home health care B) adult day care C) custodial care D) intermediate care C All of the following are activities of daily living EXCEPT A) working B) eating C) dressing D) toileting A An insured must receive care for a stated number of days before a long term care policy can pay benefits. This time deductible is known as the A) Elimination period B) Waiting period C) Benefit period D) Enrollment period A All of the following are exclusions in long term care insurance policies EXCEPT A) drug abuse B) self-inflicted injuries C) mental illness D) Alzheimer's D All of the following statements regarding tax treatment of long-term care insurance are true EXCEPT A) premiums paid by self-employed people are tax deductible up to an age-based limit B) employers who pay long-term care insurance premiums on behalf of their employees may deduct them as a business expense C) employer paid premiums are tax deductible to employees D) benefits received from a qualified long term care insurance plan are received income tax free up to a certain amount C Marketing standards for long-term care policies require a free look period of? A) 15 days B) 30 days C) 45 days D) 60 days B The elimination period may be thought of as a A) dollar amount deductible B) time deductible C) dollar amount co-payment D) time co-payment B Which of the following is NOT considered an activity of daily living? A) Transferring B) Dressing C) Bathing D) Driving D All of the following are levels of facility based long-term care EXCEPT A) skilled nursing care B) intermediate care C) custodial care D) adult day care D Benefit amounts in a long-term care policy are usually expressed as A) dollars per day B) dollars per month C) dollars per quarter D) dollars per year A All of the following are optional benefits in a long-term care insurance policy EXCEPT A) inflation protection B) nonforfeiture benefits C) elimination period D) guaranteed insurability C Which of the following is excluded in a long-term care insurance policy? A) Alzheimer's disease B) Dementia C) Nervous disorder without organic cause D) Mental illness with organic cause C All of the following statements about a nonqualified long-term care insurance policy are true EXCEPT A) they do not receive favorable tax treatment B) premiums are not deductible C) benefits are taxed as income D) HIPPA prohibits the sale of these policies D