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1.
Long-term care insurance can pay for home remodeling to provide necessary care facilities for the insured.
True. Long-term care insurance can provide funds to pay for services, including home remodeling if it makes the best sense.
2.
Medicare provides very limited long-term care services.
True. These services are very limited and do not last long.
3.
Bathing, eating, dressing, toileting, transferring, and continence are referred to as _______.
Activities of daily living. Bathing, eating, dressing, toileting, transferring, and continence are functions referred to as the activities of daily living, or ADLs.
4.
Long-term care always requires a medical setting.
False. Long-term care is distinct from healthcare and therefore does not always require a medical setting.
5.
Addressing long-term care should be a part of your financial planning because paying for long-term care is going to be problematic for most people.
True. Medicaid requires impoverishment, Medicare and traditional medical insurance dont cover long-term care, and long-term care insurance costs money. Therefore, paying for long-term care is something you should treat as part of your financial planning.