LTC PRACTICE EXAM 50QS

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LTC PRACTICE EXAM 50QS
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2015-11-03 03:55:17
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LTC PRACTICE EXAM 50 QUESTIONS
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  1. 523
    • Which of the following is NOT true about home health care coverage under LTC insurance policies?
    • A) It may include speech, physical, or occupational therapy.
    • B) It may include coverage for nutritional services.
    • C) It may include skilled nursing care.
    • D) It is not usually covered by LTC insurance policies.
  2. ID: 543490
    • Which of the following statements about employer-paid premiums for tax-qualified long-term care insurance on employees is TRUE?
    • A) The premiums are not deductible for the employer and are treated as taxable income to the employees.
    • B) The premiums are deductible for the employer and are treated as taxable income to the employees.
    • C) The premiums are not deductible for the employer and are not treated as taxable income to the employees.
    • D) The premiums are deductible for the employer and are not treated as taxable income to the employees.
  3. ID: 543511
    • In order to protect insureds from the unintentional lapse of LTC policies, insureds in Washington must be allowed to designate another person who must be given notice of lapse for nonpayment of premiums at least
    • A) 30 days before the termination of coverage
    • B) 20 days before the termination of coverage
    • C) 60 days before the termination of coverage
    • D) 10 days before the termination of coverage
  4. ID: 543519
    • All of the following are true about trends in the LTC insurance market EXCEPT
    • A) LTC coverage today is generally broader than it was 10 years ago
    • B) hundreds of companies have begun offering LTC coverage since its introduction
    • C) the cost for LTC insurance has been falling
    • D) we are likely to see an increase in the LTC benefit options available in the future
  5. ID: 543498
    • Medicare will cover long-term care expenses
    • A) for most levels of long-term care
    • B) to supplement Medicaid benefits
    • C) for a limited amount of nursing home costs only
    • D) for custodial care only
  6. ID: 543500
    • Under federally tax-qualified long-term care insurance plans, all benefits received are fully exempt from taxable income EXCEPT
    • A) annual benefits that exceed $30,000 a year
    • B) reimbursement benefits that pay actual expenses
    • C) benefits paid for intermediate levels of care
    • D) per diem benefits exceeding a dollar limit that is adjusted annually for inflation
  7. ID: 543530
    • Historically, most long-term care for the elderly or disabled has been provided by
    • A) family members and friends
    • B) state and local governments
    • C) major medical insurance policies
    • D) church groups and charities
  8. ID: 543534
    • The benefits Mr. Williams receives from his qualified long-term care insurance policy are
    • A) taxed as capital gains
    • B) included in income and subject to income tax
    • C) subject to gift tax
    • D) excluded from income
  9. ID: 543518
    • The required free look provision allows an applicant for LTC insurance to
    • A) inspect a nursing home before confinement
    • B) examine an agent’s credentials before signing the application
    • C) obtain coverage before paying the premium
    • D) return a policy and receive a premium refund
  10. ID: 543505
    • Which of the following must be stated on the first page of every long-term care Partnership contract issued in the state of Washington?
    • A) The address and telephone number of the state consumer education program.
    • B) The policy is designed to qualify for Medicaid asset protection.
    • C) The insured will be automatically eligible for Medicaid.
    • D) Medicaid will deliver the same benefits as the insured’s long-term care Partnership policy.
  11. ID: 543505
    • Which of the following must be stated on the first page of every long-term care Partnership contract issued in the state of Washington?
    • A) The address and telephone number of the state consumer education program.
    • B) The policy is designed to qualify for Medicaid asset protection.
    • C) The insured will be automatically eligible for Medicaid.
    • D) Medicaid will deliver the same benefits as the insured’s long-term care Partnership policy.
  12. ID: 543533
    • Which of the following would NOT be a preexisting condition under a long-term care insurance policy?
    • A) Cancer treatment received 3 months before the effective date
    • B) Alzheimer’s disease diagnosed before the effective date
    • C) Emergency room treatment for an accidental injury that occurred on the effective date of the policy
    • D) A blood disorder discovered 4 months before the effective date
  13. ID: 543504
    • Which type of facility commonly charges large front-end admission fees?
    • A) Continuing care retirement community
    • B) Custodial care facility
    • C) Multi-level nursing facilities
    • D) Intermediate care facility
  14. ID: 543491
    • In Washington, licensed insurance agents wishing to sell long-term care insurance policies must complete
    • A) a 4-hour, one-time initial training course before soliciting, selling, or negotiating long-term care policies and a 4-hour refresher training course every licensing period thereafter
    • B) an 8-hour, one-time initial training course before soliciting, selling, or negotiating long-term care policies and an 8-hour refresher training course every licensing period thereafter
    • C) an 8-hour, one-time initial training course before soliciting, selling, or negotiating long-term care policies and a 4-hour refresher training course every licensing period thereafter
    • D) a 6-hour, one-time initial training course before soliciting, selling, or negotiating long-term care policies and a 4-hour refresher training course every licensing period thereafter
  15. ID: 543529
    • The type of care that is provided to functionally impaired adults and that might include only meals, social activities, personal assistance, and transportation is
    • A) respite care
    • B) adult day care
    • C) home health care
    • D) skilled nursing care
  16. ID: 543520
    • A condition that is long lasting and requires continuing care other than the type of care provided in emergency medical situations is
    • A) a chronic condition
    • B) an acute condition
    • C) an adverse condition
    • D) a preexisting condition
  17. ID: 543499
    • When must an insurer provide an insured with a summary of insurance benefits paid and remaining?
    • A) Approximately 60 days before exhaustion of benefits
    • B) Approximately 20 days before exhaustion of benefits
    • C) Approximately 90 days before exhaustion of benefits
    • D) Approximately 30 days before exhaustion of benefits
  18. ID: 543495
    • Each of the following would be considered activities of daily living (ADLs) under a long-term care policy EXCEPT
    • A) attending to personal hygiene
    • B) ability to drive a car
    • C) ability to dress oneself
    • D) ability to move in and out of a wheelchair
  19. ID: 543527
    • Which of the following statements about living needs (living benefits) riders to life insurance policies is NOT true?
    • A) There are no limits on the maximum benefits that are payable.
    • B) They are often provided without charge because benefit payments are borrowed from the life insurance proceeds.
    • C) Benefits are often subject to an elimination period.
    • D) They may make funds available for a terminal illness.
  20. ID: 543526
    • A retiree with a total monthly income of $300 and assets of less than $3,000 would be
    • A) an excellent prospect for LTC insurance
    • B) not a likely prospect for LTC insurance
    • C) eligible for Medicare benefits to cover LTC expenses
    • D) a reasonable prospect for LTC insurance
  21. ID: 543522
    • Coverage for respite care is a benefit provided primarily for
    • A) family members who care for the insured
    • B) patients who cannot afford their health care
    • C) the insured being treated
    • D) the long-term care facility
  22. ID: 543507
    • Health insurance for the financially needy is provided by
    • A) Medicare
    • B) Medicaid
    • C) long-term care insurance
    • D) the Social Security system
  23. ID: 543525
    • Under long-term care insurance contracts, an elimination period is
    • A) a requirement for prior hospitalization
    • B) the maximum benefit period
    • C) a time deductible
    • D) the exclusionary period for preexisting conditions
  24. ID: 543524
    • Part-time care provided in the home by nurses and therapists would best be described as
    • A) respite care
    • B) acute care
    • C) adult day care
    • D) home health care
  25. ID: 543494
    • Which of the following is NOT true about long-term care insurance?
    • A) It provides benefits for acute hospital care.
    • B) It is available under individual and group LTC policies and riders to life insurance.
    • C) It is a relatively new insurance product.
    • D) It may cover home health care services.
  26. ID: 543531
    • An individual considering the purchase of LTC insurance may elect a long elimination period, such as 90 or 120 days, because
    • A) a long elimination period reduces the premium cost
    • B) the elimination deductible is covered by Medicaid
    • C) a longer elimination period results in higher benefits
    • D) Medicare covers the first 90 days anyway
  27. ID: 543503
    • Every long-term care partnership contract issued to an applicant age 76 or older as of the date of purchase must provide the following kind of inflation protection?
    • A) Automatic annual compounded inflation increases at a minimum rate of 3% or a rate based on consumer price index (CPI) changes, not to be less than 0%.
    • B) Automatic simple inflation increases at a minimum rate of 3% or a rate based on CPI changes, not to be less than 0%.
    • C) Automatic annual compounded inflation increases at a minimum rate of 5% or a rate based on consumer price index (CPI) changes, not to be less than 0%.
    • D) None of these.
  28. ID: 543515
    • Which of the following statements about long-term care is TRUE?
    • A) Long-term care includes hospital care.
    • B) The need for long-term care is a concern only for the elderly.
    • C) The chances of requiring long-term care decrease with age.
    • D) Long-term care is provided to people with chronic diseases or disabilities who need care over an extended period.
  29. ID: 543521
    • The basic core benefits included in all Medicare supplement policies cover which of the following types of long-term care services?
    • A) No long-term care services
    • B) All long-term care services
    • C) Custodial care services only
    • D) Intermediate care services only
  30. ID: 543497
    • The type of care that is provided under a medical treatment plan and only by or under the supervision of medical professionals on a 24-hours-a-day basis is
    • A) informal care
    • B) intermediate care
    • C) skilled nursing care
    • D) custodial care
  31. ID: 543488
    • Which of the following statements is NOT correct?
    • A) A long-term care Partnership contract must state that the insured will be guaranteed to be automatically eligible for Medicaid.
    • B) Every long-term care Partnership contract must state on its first page that it is designed to qualify for Medicaid asset protection.
    • C) Every issuer and agent also must take reasonable steps to determine that the purchase of the coverage being applied for is suitable for the applicant, based on the financial circumstances of the applicant or insured.
    • D) Every issuer and every agent must make reasonable efforts to determine whether the issuance of a long-term care Partnership policy will duplicate benefits under another disability insurance policy, long-term care insurance contract, or duplicate other sources of coverage such as Medicare supplement insurance coverage.
  32. ID: 543501
    • Protection of assets from Medicaid’s spend-down provisions is a feature of
    • A) both traditional LTC policies and Partnership LTC policies
    • B) Partnership LTC policies only
    • C) traditional LTC policies only
    • D) neither traditional LTC policies nor Partnership LTC policies
  33. ID: 543535
    • Which type of care is most likely to be provided on an informal basis?
    • A) Intermediate care
    • B) Custodial care
    • C) Skilled nursing care
    • D) Acute care
  34. ID: 543517
    • When a married person eligible for Medicaid benefits is confined in a nursing home, provisions of the Spousal Impoverishment Act
    • A) prevent assets held in the name of one spouse from being included in joint assets
    • B) require that the income of both spouses be counted as income of the at-home spouse
    • C) protect the amount of income and assets the at-home spouse may retain without terminating Medicaid eligibility
    • D) require the at-home spouse to spend down until all joint assets are exhausted
  35. ID: 543508
    • Which of the following statements about tax-qualified long-term care insurance policies is NOT correct?
    • A) Physical impairment requirements do not have to be expected to last at least 90 days under tax-qualified policies.
    • B) Tax-qualified policies cover only qualified long-term care services.
    • C) Tax-qualified policies must be guaranteed renewable.
    • D) Marketing materials for tax-qualified policies must state that the policy is intended to be a qualified plan.
  36. ID: 543489
    • Care that does not involve any medical services and that is limited to assistance with the essential needs of daily living, such as walking, bathing, dressing, and eating, is known as
    • A) respite care
    • B) intermediate care
    • C) skilled nursing care
    • D) custodial care
  37. ID: 543528
    • Mrs. Benson decides to add an automatic increase rider to her long-term care insurance policy because she wants to automatically increase
    • A) benefits when premiums increase
    • B) premiums as the insured ages
    • C) benefits when the cost-of-living increases
    • D) premiums when the cost-of-living increases
  38. ID: 543496
    • Which of the following nursing home facilities provide the highest level of medical care?
    • A) Informal care facilities
    • B) Adult day care facilities
    • C) Skilled nursing facilities
    • D) Intermediate care facilities
  39. ID: 543502
    • In order to be eligible for favorable tax treatment as a tax-qualified policy, LTC policies and certificates must conform to federal standards for all of the following EXCEPT
    • A) benefits provided
    • B) premium amounts
    • C) consumer protections
    • D) eligibility rules
  40. ID: 543513
    • LTC insurance policies sold in Washington before January 1, 1997, were automatically granted tax-qualified status, but that status could be jeopardized if an insured
    • A) exercises an existing policy option
    • B) is treated in a skilled nursing facility
    • C) becomes unable to perform 3 activities of daily living
    • D) requests a material modification of the policy
  41. ID: 543506
    • Every insurer or other entity marketing long-term care insurance in Washington must do all of the following EXCEPT
    • A) share its suitability standards with other Washington insurers
    • B) maintain a copy of its suitability standards for inspection by the commissioner
    • C) train its insurance producers in the use of its suitability standards
    • D) develop and use suitability standards
  42. ID: 543506
    • Every insurer or other entity marketing long-term care insurance in Washington must do all of the following EXCEPT
    • A) share its suitability standards with other Washington insurers
    • B) maintain a copy of its suitability standards for inspection by the commissioner
    • C) train its insurance producers in the use of its suitability standards
    • D) develop and use suitability standards
  43. ID: 543510
    • An insured has purchased LTC coverage with a 30-day elimination period, a maximum daily benefit of $100 for confinement, and a maximum benefit period of 3 years. If the insured is confined in a nursing home for 40 days following a heart attack, the maximum benefits payable will be
    • A) $1,000
    • B) $4,000
    • C) $2,000
    • D) $3,000
  44. ID: 543536
    • Which of the following is NOT a requirement in order to be eligible to deduct long-term care insurance premiums for income tax purposes?
    • A) The insured must be over 40 and under 70 years of age.
    • B) The policyholder must itemize deductions.
    • C) The combined health insurance premiums and unreimbursed medical expenses must exceed 7.5% of adjustable gross income.
    • D) The contract must be a federally tax-qualified (TQ) LTC insurance plan.
  45. ID: 543514
    • Every agent who wishes to sell LTC insurance products or Partnership policies in Washington must first complete a course in long-term care insurance approved for at least how many hours of credit?
    • A) 6
    • B) 10
    • C) 12
    • D) 8
  46. ID: 543516
    • Which of the following taxpayers may deduct the premiums for tax-qualified long-term care insurance as a medical expense if they do NOT itemize deductions?
    • A) Only taxpayers who are not self-employed
    • B) All taxpayers, regardless of whether they are self-employed
    • C) Self-employed taxpayers only
    • D) No taxpayers, regardless of whether they are self-employed
  47. ID: 543537
    • Long-term care insurance policies issued in Washington must provide for reinstatement of coverage in the event of unintentional lapse due to nonpayment of premium, if the insurer receives proof of the insured’s cognitive impairment or loss of functional capacity. This option must be available to the insured, upon request, if requested within
    • A) 1 year after termination of coverage
    • B) 2 years after termination of coverage
    • C) 5 months after termination of coverage
    • D) 9 months after termination of coverage
  48. ID: 543509
    • The most common offering of an inflation rider for long-term care policies is
    • A) a compound benefit increase option
    • B) an automatic increase rider
    • C) a purchase option
    • D) a simple benefit increase option
  49. Which of the following statements about viatical settlements is TRUE?
    • A) The arrangement allows the insured to maintain ownership of the life insurance policy.
    • B) The purchaser of the insured’s life insurance policy under the arrangement receives the entire death benefit when the insured dies.
    • C) The proceeds received by the insured under the arrangement are generally taxable as income.
    • D) The insured receives the entire face value of the policy under the arrangement.
  50. ID: 543523
    • Which of the following is NOT true about home health care coverage under LTC insurance policies?
    • A) It may include speech, physical, or occupational therapy.
    • B) It may include coverage for nutritional services.
    • C) It may include skilled nursing care.
    • D) It is not usually covered by LTC insurance policies.
  51. ID: 543490
    • Which of the following statements about employer-paid premiums for tax-qualified long-term care insurance on employees is TRUE?
    • A) The premiums are not deductible for the employer and are treated as taxable income to the employees.
    • B) The premiums are deductible for the employer and are treated as taxable income to the employees.
    • C) The premiums are not deductible for the employer and are not treated as taxable income to the employees.
    • D) The premiums are deductible for the employer and are not treated as taxable income to the employees.
  52. ID: 543511
    • In order to protect insureds from the unintentional lapse of LTC policies, insureds in Washington must be allowed to designate another person who must be given notice of lapse for nonpayment of premiums at least
    • A) 30 days before the termination of coverage
    • B) 20 days before the termination of coverage
    • C) 60 days before the termination of coverage
    • D) 10 days before the termination of coverage
  53. ID: 543519
    • All of the following are true about trends in the LTC insurance market EXCEPT
    • A) LTC coverage today is generally broader than it was 10 years ago
    • B) hundreds of companies have begun offering LTC coverage since its introduction
    • C) the cost for LTC insurance has been falling
    • D) we are likely to see an increase in the LTC benefit options available in the future
  54. ID: 543498
    • Medicare will cover long-term care expenses
    • A) for most levels of long-term care
    • B) to supplement Medicaid benefits
    • C) for a limited amount of nursing home costs only
    • D) for custodial care only
  55. ID: 543500
    • Under federally tax-qualified long-term care insurance plans, all benefits received are fully exempt from taxable income EXCEPT
    • A) annual benefits that exceed $30,000 a year
    • B) reimbursement benefits that pay actual expenses
    • C) benefits paid for intermediate levels of care
    • D) per diem benefits exceeding a dollar limit that is adjusted annually for inflation
  56. ID: 543530
    • Historically, most long-term care for the elderly or disabled has been provided by
    • A) family members and friends
    • B) state and local governments
    • C) major medical insurance policies
    • D) church groups and charities
  57. ID: 543534
    • The benefits Mr. Williams receives from his qualified long-term care insurance policy are
    • A) taxed as capital gains
    • B) included in income and subject to income tax
    • C) subject to gift tax
    • D) excluded from income
  58. ID: 543518
    • The required free look provision allows an applicant for LTC insurance to
    • A) inspect a nursing home before confinement
    • B) examine an agent’s credentials before signing the application
    • C) obtain coverage before paying the premium
    • D) return a policy and receive a premium refund
  59. ID: 543505
    • Which of the following must be stated on the first page of every long-term care Partnership contract issued in the state of Washington?
    • A) The address and telephone number of the state consumer education program.
    • B) The policy is designed to qualify for Medicaid asset protection.
    • C) The insured will be automatically eligible for Medicaid.
    • D) Medicaid will deliver the same benefits as the insured’s long-term care Partnership policy.
  60. ID: 543505
    • Which of the following must be stated on the first page of every long-term care Partnership contract issued in the state of Washington?
    • A) The address and telephone number of the state consumer education program.
    • B) The policy is designed to qualify for Medicaid asset protection.
    • C) The insured will be automatically eligible for Medicaid.
    • D) Medicaid will deliver the same benefits as the insured’s long-term care Partnership policy.
  61. ID: 543533
    • Which of the following would NOT be a preexisting condition under a long-term care insurance policy?
    • A) Cancer treatment received 3 months before the effective date
    • B) Alzheimer’s disease diagnosed before the effective date
    • C) Emergency room treatment for an accidental injury that occurred on the effective date of the policy
    • D) A blood disorder discovered 4 months before the effective date
  62. ID: 543504
    • Which type of facility commonly charges large front-end admission fees?
    • A) Continuing care retirement community
    • B) Custodial care facility
    • C) Multi-level nursing facilities
    • D) Intermediate care facility
  63. ID: 543491
    • In Washington, licensed insurance agents wishing to sell long-term care insurance policies must complete
    • A) a 4-hour, one-time initial training course before soliciting, selling, or negotiating long-term care policies and a 4-hour refresher training course every licensing period thereafter
    • B) an 8-hour, one-time initial training course before soliciting, selling, or negotiating long-term care policies and an 8-hour refresher training course every licensing period thereafter
    • C) an 8-hour, one-time initial training course before soliciting, selling, or negotiating long-term care policies and a 4-hour refresher training course every licensing period thereafter
    • D) a 6-hour, one-time initial training course before soliciting, selling, or negotiating long-term care policies and a 4-hour refresher training course every licensing period thereafter
  64. ID: 543529
    • The type of care that is provided to functionally impaired adults and that might include only meals, social activities, personal assistance, and transportation is
    • A) respite care
    • B) adult day care
    • C) home health care
    • D) skilled nursing care
  65. ID: 543520
    • A condition that is long lasting and requires continuing care other than the type of care provided in emergency medical situations is
    • A) a chronic condition
    • B) an acute condition
    • C) an adverse condition
    • D) a preexisting condition
  66. ID: 543499
    • When must an insurer provide an insured with a summary of insurance benefits paid and remaining?
    • A) Approximately 60 days before exhaustion of benefits
    • B) Approximately 20 days before exhaustion of benefits
    • C) Approximately 90 days before exhaustion of benefits
    • D) Approximately 30 days before exhaustion of benefits
  67. ID: 543495
    • Each of the following would be considered activities of daily living (ADLs) under a long-term care policy EXCEPT
    • A) attending to personal hygiene
    • B) ability to drive a car
    • C) ability to dress oneself
    • D) ability to move in and out of a wheelchair
  68. ID: 543527
    • Which of the following statements about living needs (living benefits) riders to life insurance policies is NOT true?
    • A) There are no limits on the maximum benefits that are payable.
    • B) They are often provided without charge because benefit payments are borrowed from the life insurance proceeds.
    • C) Benefits are often subject to an elimination period.
    • D) They may make funds available for a terminal illness.
  69. ID: 543526
    • A retiree with a total monthly income of $300 and assets of less than $3,000 would be
    • A) an excellent prospect for LTC insurance
    • B) not a likely prospect for LTC insurance
    • C) eligible for Medicare benefits to cover LTC expenses
    • D) a reasonable prospect for LTC insurance
  70. ID: 543522
    • Coverage for respite care is a benefit provided primarily for
    • A) family members who care for the insured
    • B) patients who cannot afford their health care
    • C) the insured being treated
    • D) the long-term care facility
  71. ID: 543507
    • Health insurance for the financially needy is provided by
    • A) Medicare
    • B) Medicaid
    • C) long-term care insurance
    • D) the Social Security system
  72. ID: 543525
    • Under long-term care insurance contracts, an elimination period is
    • A) a requirement for prior hospitalization
    • B) the maximum benefit period
    • C) a time deductible
    • D) the exclusionary period for preexisting conditions
  73. ID: 543524
    • Part-time care provided in the home by nurses and therapists would best be described as
    • A) respite care
    • B) acute care
    • C) adult day care
    • D) home health care
  74. ID: 543494
    • Which of the following is NOT true about long-term care insurance?
    • A) It provides benefits for acute hospital care.
    • B) It is available under individual and group LTC policies and riders to life insurance.
    • C) It is a relatively new insurance product.
    • D) It may cover home health care services.
  75. ID: 543531
    • An individual considering the purchase of LTC insurance may elect a long elimination period, such as 90 or 120 days, because
    • A) a long elimination period reduces the premium cost
    • B) the elimination deductible is covered by Medicaid
    • C) a longer elimination period results in higher benefits
    • D) Medicare covers the first 90 days anyway
  76. ID: 543503
    • Every long-term care partnership contract issued to an applicant age 76 or older as of the date of purchase must provide the following kind of inflation protection?
    • A) Automatic annual compounded inflation increases at a minimum rate of 3% or a rate based on consumer price index (CPI) changes, not to be less than 0%.
    • B) Automatic simple inflation increases at a minimum rate of 3% or a rate based on CPI changes, not to be less than 0%.
    • C) Automatic annual compounded inflation increases at a minimum rate of 5% or a rate based on consumer price index (CPI) changes, not to be less than 0%.
    • D) None of these.
  77. ID: 543515
    • Which of the following statements about long-term care is TRUE?
    • A) Long-term care includes hospital care.
    • B) The need for long-term care is a concern only for the elderly.
    • C) The chances of requiring long-term care decrease with age.
    • D) Long-term care is provided to people with chronic diseases or disabilities who need care over an extended period.
  78. ID: 543521
    • The basic core benefits included in all Medicare supplement policies cover which of the following types of long-term care services?
    • A) No long-term care services
    • B) All long-term care services
    • C) Custodial care services only
    • D) Intermediate care services only
  79. ID: 543497
    • The type of care that is provided under a medical treatment plan and only by or under the supervision of medical professionals on a 24-hours-a-day basis is
    • A) informal care
    • B) intermediate care
    • C) skilled nursing care
    • D) custodial care
  80. ID: 543513
    • LTC insurance policies sold in Washington before January 1, 1997, were automatically granted tax-qualified status, but that status could be jeopardized if an insured
    • A) exercises an existing policy option
    • B) is treated in a skilled nursing facility
    • C) becomes unable to perform 3 activities of daily living
    • D) requests a material modification of the policy
  81. ID: 543488
    • Which of the following statements is NOT correct?
    • A) A long-term care Partnership contract must state that the insured will be guaranteed to be automatically eligible for Medicaid.
    • B) Every long-term care Partnership contract must state on its first page that it is designed to qualify for Medicaid asset protection.
    • C) Every issuer and agent also must take reasonable steps to determine that the purchase of the coverage being applied for is suitable for the applicant, based on the financial circumstances of the applicant or insured.
    • D) Every issuer and every agent must make reasonable efforts to determine whether the issuance of a long-term care Partnership policy will duplicate benefits under another disability insurance policy, long-term care insurance contract, or duplicate other sources of coverage such as Medicare supplement insurance coverage.
  82. ID: 543501
    • Protection of assets from Medicaid’s spend-down provisions is a feature of
    • A) both traditional LTC policies and Partnership LTC policies
    • B) Partnership LTC policies only
    • C) traditional LTC policies only
    • D) neither traditional LTC policies nor Partnership LTC policies
  83. ID: 543535
    • Which type of care is most likely to be provided on an informal basis?
    • A) Intermediate care
    • B) Custodial care
    • C) Skilled nursing care
    • D) Acute care
  84. ID: 543517
    • When a married person eligible for Medicaid benefits is confined in a nursing home, provisions of the Spousal Impoverishment Act
    • A) prevent assets held in the name of one spouse from being included in joint assets
    • B) require that the income of both spouses be counted as income of the at-home spouse
    • C) protect the amount of income and assets the at-home spouse may retain without terminating Medicaid eligibility
    • D) require the at-home spouse to spend down until all joint assets are exhausted
  85. ID: 543508
    • Which of the following statements about tax-qualified long-term care insurance policies is NOT correct?
    • A) Physical impairment requirements do not have to be expected to last at least 90 days under tax-qualified policies.
    • B) Tax-qualified policies cover only qualified long-term care services.
    • C) Tax-qualified policies must be guaranteed renewable.
    • D) Marketing materials for tax-qualified policies must state that the policy is intended to be a qualified plan.
  86. ID: 543489
    • Care that does not involve any medical services and that is limited to assistance with the essential needs of daily living, such as walking, bathing, dressing, and eating, is known as
    • A) respite care
    • B) intermediate care
    • C) skilled nursing care
    • D) custodial care
  87. ID: 543528
    • Mrs. Benson decides to add an automatic increase rider to her long-term care insurance policy because she wants to automatically increase
    • A) benefits when premiums increase
    • B) premiums as the insured ages
    • C) benefits when the cost-of-living increases
    • D) premiums when the cost-of-living increases
  88. ID: 543496
    • Which of the following nursing home facilities provide the highest level of medical care?
    • A) Informal care facilities
    • B) Adult day care facilities
    • C) Skilled nursing facilities
    • D) Intermediate care facilities
    • B) eligibility rules

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