LONG TERM CARE CERTIFICATION TRAINING (8HRS)

LONG TERM CARE CERTIFICATION TRAINING (8HRS) To determine whether or not long-term care policies can be considered similar policy forms, they are classified as all of the following EXCEPT - Independent When referring to an activity of daily living, the term "transferring" means - Moving in or out of bed, wheelchair or chair All of the following are factors that point to an increasing need for long-term care insurance EXCEPT - Family and friends are not reliable Which of the following best describes taxation of long-term care premiums? - Premiums are tax deductible up to 10% of adjusted gross income Which of the following will qualify as an exceptional increase in policy premium rates? - Changes in laws that affect all insurers of similar products Who must develop and maintain standards for long-term care insurance client suitability? - The insurance company In 1996, upon retirement at age 65, a retired executive purchased a long-term care insurance benefits. What taxes are due? - None All of the following factors will increase a prospect's long-term care insurance premium EXCEPT - Increasing elimination period Which of the following would be the best long-term care facility choice for a person who needs the most specialized care? - Nursing home A husband has one long-term care plan and his wife has another. The husband's plan pays an indemnity of $150 per day and the wife's plan pays 50% of the daily rate. If they are both in care facility that charges $250 per day, how much per day will they pay out of their own pocket after elimination period? - $225 A long-term care insurance prospect is comparing a tax-qualified plan with a nonqualified plan. All of the following would be considered advantages for nonqualified plans EXCEPT - Tax deductibility An insured has a tax qualified long-term care contract. To receive tax qualified benefits, the insured must have all of the following EXCEPT - Medical necessity A spouse provides around the clock care for a long-term care(LTC) benefit recipient. Now, the spouse needs some minor surgery that requires an overnight hospital stay and will not be able to care for the disabled spouse for a few days. If the LTC policy provides for the appropriate coverage, which of of the following would provide in-home care for the disabled spouse? - Respite care A policyowner's long-term care plan covers all levels of care, including skilled nursing, custodial, hospice, and adult care. Rank these care levels in the most typical progression from the lowest to terminal care - Adult day care, custodial, skilled nursing, hospice Which of the following describes the difference care coordination benefits and custodial care benefits? - Care coordination benefit cover costs of general care planners, while custodial care benefits cover the costs of people who assist the disabled person with personal care Which of the following is a reason for using activities of daily living as a trigger for long-term care benefits? - The inability to perform these activities makes independent living impossible Which of the following would automatically qualify a person for long-term care benefits? - Cognitive impairment such as Alzheimer's disease A long-term care policy owns a spacious home that needs routine maintenance that he is unable to do. Futhermore, shopping has become difficult because he no longer drives and often does not have transportation. Just managing his prescriptions is a chore. What kind of facility might he consider at this time? - Assisted living What is the maximum allowed period of time for insurer to pay on a clean claim? - 30 days Which of the following does NOT describe hospice care? - It provides care to people with life expectancies of 1 to 2 years When an insured chooses the indemnity method of benefit payment, the insurer will pay - The fixed benefit amount, regardless