Which of the Following Is Correct Regarding Long-Term Care Insurance

question 95

Multiple Choice

Which of the following is correct regarding long-term care insurance?

• A)It has an elimination period before owners are eligible to have their long-term care costs covered.
• B)It is relatively inexpensive and good value for those over age 60.
• C)It covers most Canadians over age 65 who receive care due to a long-term health problem.
• D)It offers standard coverage and insurance premiums.

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Definitions:

Degenerative Joint Disease

Another term for osteoarthritis, a type of arthritis that occurs when the protective cartilage on the ends of bones wears down over time.

Osteoarthritis

Arthritis characterized by erosion of articular cartilage, which becomes soft, frayed, and thinned with eburnation of subchondral bone and outgrowths of marginal osteophytes; pain and loss of function result; mainly affects weight-bearing joints and is more common in women, the overweight, and older people.

Depression

A psychological condition marked by a continuous low mood or lack of enthusiasm for activities, leading to considerable disruption in everyday functioning.

Elderly Patients

Individuals, typically aged 65 and over, who may require special medical attention due to the natural aging process and associated health conditions.