| NUMBERS | BENEFITS | ELIGIBILITY | TRUE OR FALSE |
|---|---|---|---|
|
There is no minimum age
What is the minimum age to receive Long-Term Care?
|
For life!
How long can Long-Term Care coverage last?
|
You need to be in good health to be qualified
What must your health status be to qualify for Long-Term Care?
|
False
LTC insurance is only beneficial to seniors?
|
|
65
At what age does your need for Long-Term Care dramatically increase?
|
- Nursing Care
- Rehab/Therapy - Personal Care (6 daily functions) - Home Care - Supervision
Name 2 expenses that Long-Term Care can help with
|
Marital status does not affect your eligibility for Long-Term Care.
Does Marital status affect your eligibility for Long-Term Care?
|
True
LTC policy payouts are tax free because premiums are paid for after-tax dollars
LTC policy payouts are tax free
|
|
30 to 90 days
How many days must you wait to receive LTC benefits?
|
- Waiver of premiums
- Inflation protection - Return of Premium
Name one optional feature that comes with Long-Term Care
|
- Eating
- Bathing - Transferring - Dressing - Toileting - Continence
Name 3 of the 6 activities of daily living (ADL) that effect your eligibility for Long-Term Care.
|
True
LTC premiums do not qualify as eligible medical expenses for the Medical Expense Tax Credit (METC)
(True or false) |
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