Most of the Expenditures for Long-Term Care Services, Both Community-Based

question 31

Multiple Choice

Most of the expenditures for long-term care services, both community-based and in institutions, is paid by

• A)private long-term care insurance
• B)employer-based health insurance
• C)Medicare
• D)Medicaid and other public sources

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Definitions:

Perfection

A legal process that establishes a secured party's interest in the collateral, giving priority over other third-party claims.

Exoneration

The act of being cleared or absolved from blame, responsibility, obligation, or, specifically in legal terms, criminal charges.

Surety

is a guarantee, usually in the form of a bond, where one party guarantees the debts or obligations of another party to a third party.

Surety

A financial guarantee by one party (the surety) to assume responsibility for the debt obligation of a borrower if that borrower defaults.