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1.
Persons with sufficient income to pay for their long-term care need not consider long-term care insurance.
False. Those who have sufficient assets to self-pay LTC costs may wish to preserve at least a portion of their estates in order to leave something to their heirs.
2.
Medicare provides very limited long-term care services.
True. These services are very limited and do not last long.
3.
Long-term care applies only to care provided by a licensed nursing home.
False. This was once true, but today it applies to all care provided to the elderly in support of their activities of daily living, regardless of where provided.
4.
Traditional medical insurance provides long-term care.
False. Traditional medical insurance does not provide long-term care.
5.
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.