Which of the Following Is TRUE About Long-Term Care Insurance

question 99

Multiple Choice

Which of the following is TRUE about long-term care insurance?

• A) It covers help at home but not in a nursing home.
• B) It covers a stay in a nursing home but not help at home.
• C) The older you are when you enroll, the higher the annual premium.
• D) Insurance plans are sold primarily to individuals in the 20-40 age group.
• E) These plans typically pay for all costs.

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Definitions:

Government Assistance

Programs and services provided by the government aimed at helping individuals, families, and organizations in need, ranging from financial aid to healthcare support.

Radical Nature

The inherent or fundamental qualities of something that push for thorough or complete political or social reform.

Royal Commission

A major formal investigation appointed by a government to inquire into and report on specific matters of importance.

Canadian Sociology

The study of social behaviors, structures, and institutions within the specific context of Canada, incorporating its cultural and historical nuances.