Private Long-Term Health Care Coverage

question 19

Multiple Choice

Private long-term health care coverage:

• A) Fills many of the gaps in Medicare coverage
• B) Should have such features as guaranteed renewability, home care, inflation protection, and Alzheimer's coverage
• C) May include such features as waiver of premiums in the event of disability, an inflation rider, guaranteed renewability, and level premium for life
• D) Can be expensive for some people who need it
• E) All of the above are true statements

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Definitions:

ERG Theory

A need-based theory of motivation proposed by Clayton Alderfer, ERG theory involves three rather than five levels of needs, and also allows for someone to regress from a higher-level need to a lower-level need.

Ratio Schedules

Are partial reinforcement schedules in which behavior is reinforced as a function of how many times the behavior occurs—for example, rewarding someone every fifth time a desired behavior occurs.

Continuous Schedules

Work schedules or production plans that operate non-stop, typically 24 hours a day, often applied in industries that require constant operation.

Extinction

Also a term from reinforcement theory, extinction refers to the situation in which a behavior is followed by no consequences and eventually disappears.