Long Term Care Certification Practice Test

What is the primary goal of long-term care insurance?

1. To fund short-term hospital stays

2. To provide cash benefits for retirees

3. To cover the costs of long-term care services

4. To replace lost income during illness

The correct answer is: To cover the costs of long-term care services

The primary goal of long-term care insurance is to cover the costs of long-term care services. This type of insurance is specifically designed to help individuals manage the financial aspects of care that may be required due to chronic illness, disabilities, or cognitive impairment. Unlike health insurance or Medicare, which primarily focus on acute medical care, long-term care insurance addresses the unique needs involved in ongoing assistance, such as help with daily living activities like bathing, dressing, and eating, as well as supervision for those with memory issues. By providing benefits that cover these services, long-term care insurance enables individuals to receive the care they need while protecting their savings and assets from the high costs associated with long-term care facilities or in-home care services. This focus on sustained care sets it apart from other types of insurance that might cover only short-term medical incidents or provide cash benefits unrelated to the specific needs for long-term support.