Horace buys a Medicare supplement insurance policy but decides not to keep it. How many days does he have to return it for a full refund of the premium? - ANSWER30 days
Which of the following individuals is an appropriate customer for a Medicare supplement policy? - ANSWERSomeone enrolled in bot...
Medicare: Comprehensive Instructional
Review - Medicare Supplement Long-
Term Care Agent Questions & Answers
Horace buys a Medicare supplement insurance policy but decides not to keep it. How
many days does he have to return it for a full refund of the premium? - ANSWER30
days
Which of the following individuals is an appropriate customer for a Medicare supplement
policy? - ANSWERSomeone enrolled in both Part A and Part B of Medicare
A purchased a long-term care policy on June 15. Two weeks later, she lost her job and
decided that she could no longer afford the policy. What are her options? -
ANSWERShe can return the policy for a full refund of premium.
An insured has a LTC policy that has been in force for 3 months. In how many more
months will the policy become incontestable on the grounds of misrepresentation
alone? - ANSWER21 months
Which of the following is NOT true of Medicaid? - ANSWERIt is funded entirely at the
federal level
Which of the following would NOT be eligible for Medicaid? - ANSWERA healthy young
person with no children and a very low income
The agent who solicits the application is primarily responsible for determining the
_____________________ of a Medicare supplement policy for a proposed insured. -
ANSWERAppropriateness
If a Medigap policy is delivered on June 15, on what date does the free look period
expire? - ANSWERJuly 15
Your client asks you to describe the benefit triggers of tax-qualified long-term care
insurance policies. Which of the following statements is correct? - ANSWERBenefits are
triggered by a physical impairment or a severe cognitive impairment.
When selling a long-term care insurance policy, the insurer or agent must provide the
applicant with all of the following EXCEPT: - ANSWERSuitability Guide
The open enrollment period for Medicare begins 3 months before your 65th birthday
and - ANSWERLasts for 7 months
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