Chapter 15: Long Term Care Insurance (Test questions with solved solutions)

Look Back Period correct answers Specific time period prior to medicaid eligibility during which medicaid benefits are reduced if the individuals assets were disposed of at less than their fair market value Continuing Care Retirement Community correct answers Facility that provides lifetime care for older adults. Initial occupancy is in an independent living unit, but a resident must move to an assisted living or nursing home unit if health deteriorates Long Term Care Insurance correct answers Form of health insurance that usually provides coverage for custodial care, intermediate care, and skilled nursing care. Benefits may also be available for home health care, adult day care, and assisted living Qualified LTC Services correct answers Long term care contract that meets specified standards and qualifies for favorable tax treatment under the HIPAA Chronically Ill Individual correct answers Expected to be unable to perform two of the 6 ADLs for at least 90 days ADLs correct answers Activities of Daily Living 1. Eating 2. Bathing 3. Dressing 4. Toileting 5. Transferring 6. Continence Nursing Home Care correct answers Term that encompasses skilled nursing care, intermediate care, and custodial care in a licensed faciltiy Custodial Care correct answers Nursing home care given to help wit personal needs, such as ADLs Bed Reservation Benefit correct answers Benefit under a LTC insurance policy that continues to pay a long term care facility for a limited time if a patient must temporarily leave because of hospitalization. Without a continuation of benefits, the bed might be rented to someone else and unavailable upon the patient's release from the hospital Assisted Living Care correct answers Care provided in facilities that provide care for the frail elderly who are no longer able to care for themselves but who do not need the level of care provided in a nursing home