A long term care policy has an elimination period before benefits are payable. How long is the usual elimination period?
Deductibles
Co-insurance
Out-of-pocket maximum
Lifetime reserve of equal to a maximum of 60 days of hospitalization
Long Term Care policy has which of the following renewability options:
Non-Cancellable
Guaranteed renewable
None of the Above
All of the Above
Medicare Part B includes benefits for:
Doctor’s services
Medicare is primarily funded through:
General fund of the federal government
FICA payroll taxes
All of the follow are true about Medicare Part A EXCEPT:
There is a deductible to enter the hospital
There is a coinsurance beyond 60 days of confinement
Outpatient prescription drugs are subject to the doughnut hole
A fully insured individual qualifies for Medicare at age___ .
Age 62 if a widow
At any age with end stage renal failure
All of the following Government benefit programs will provide benefits for medical benefits EXCEPT:
OASDI
Social Security Disability
Which of the following is not a limited risk policy?
Travel Accident
Medicare Supplement
All of the following statements regarding Medicare Part A are true, EXCEPT:
Covers hospitalization
Coverage is mandatory
Covers hospice care
Covers outpatient prescription drugs
A long term care policy has an elimination period before benefits are payable. How long is the usual elimination period?
365 days
90 days only
30 days or longer
Medicare was enacted in 1965 and took effect in 1966. Medicare is part of what larger
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