Answer Happy

Which of the following statements is FALSE? OA) A long-term care partnership contract must state that the insured will be guaranteed to be automatically eligible for Medicaid. OB) Every long-term care partnership contract must state on its first page that it is designed to qualify for Medicaid asset protection. OC) 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. OD) Every issuer and agent 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.
Question #14 of 45 An individual considering the purchase of LTC insurance may elect a long elimination period, such as 90 or 120 days, because A) Medicare covers the first 90 days anyway OB) the elimination deductible is covered by Medicaid OC) a longer elimination period results in higher benefits OD) a long elimination period reduces the premium cost Question I