Long Term Care Certification Practice Test

According to regulations, which organization must provide the long-term care insurance shopper's guide?

1. NAIC

2. NIH

3. ISO

4. CMS

The correct answer is: NAIC

The correct answer is that the NAIC, or National Association of Insurance Commissioners, is responsible for providing the long-term care insurance shopper's guide. The NAIC plays a critical role in establishing standards for insurance products and practices across the United States. One of its initiatives is to ensure consumers have access to comprehensive information about long-term care insurance. The shopper's guide serves as a valuable resource, helping potential purchasers understand their options, the types of coverage available, and the features they should consider when selecting a policy. This guidance is crucial, as long-term care insurance is often a complex product with various terms and conditions that can significantly impact the buyer's decision. Organizations like the NIH (National Institutes of Health), ISO (Insurance Services Office), and CMS (Centers for Medicare & Medicaid Services) have important roles in health and insurance but do not provide the specific shopper's guide for long-term care insurance. The NIH focuses on health research, the ISO deals with insurance standards, and CMS manages Medicare and Medicaid services. None of these organizations have the primary responsibility for producing this particular consumer guide.