Medicare: Comprehensive Instructional Review - Medicare Supplement Long-Term Care Agent || 100% Verified

Horace buys a Medicare supplement insurance policy but decides not to keep it. How many days does he have to return it for a full refund of the premium? correct answers 30 days Which of the following individuals is an appropriate customer for a Medicare supplement policy? correct answers Someone enrolled in both Part A and Part B of Medicare A purchased a long-term care policy on June 15. Two weeks later, she lost her job and decided that she could no longer afford the policy. What are her options? correct answers She can return the policy for a full refund of premium. An insured has a LTC policy that has been in force for 3 months. In how many more months will the policy become incontestable on the grounds of misrepresentation alone? correct answers 21 months Which of the following is NOT true of Medicaid? correct answers It is funded entirely at the federal level Which of the following would NOT be eligible for Medicaid? correct answers A healthy young person with no children and a very low income The agent who solicits the application is primarily responsible for determining the _____________________ of a Medicare supplement policy for a proposed insured. correct answers Appropriateness If a Medigap policy is delivered on June 15, on what date does the free look period expire? correct answers July 15 Your client asks you to describe the benefit triggers of tax-qualified long-term care insurance policies. Which of the following statements is correct? correct answers Benefits are triggered by a physical impairment or a severe cognitive impairment. When selling a long-term care insurance policy, the insurer or agent must provide the applicant with all of the following EXCEPT: correct answers Suitability Guide The open enrollment period for Medicare begins 3 months before your 65th birthday and correct answers Lasts for 7 months The free look period of a LTC policy must be at least how many days? correct answers 30 M is considered a Qualified Medicare Beneficiary (QMB) in North Carolina, which means that Medicare-Aid will pay for all of the following EXCEPT: correct answers 100 percent of the Part D prescription drug costs