CFG Study Guide 2026
Everything you need to pass the CFG exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 CFG Exam Format at a Glance
📚 CFG Topics to Study (21)
✍️ Sample CFG Questions & Answers
1. Which government program is the primary payer for long-term care services in skilled nursing facilities for low-income older adults in the US?
Medicaid is the primary payer for long-term care services in skilled nursing facilities for individuals who meet income and asset eligibility requirements.
2. Which program provides cash assistance to low-income elderly and disabled individuals who have limited Social Security work history?
SSI is a needs-based federal program providing monthly cash payments to aged, blind, or disabled individuals with limited income and resources.
3. What is 'elder financial exploitation' (EFE)?
Elder financial exploitation involves the illegal, unauthorized, or improper use of an older adult's resources by a trusted person, caregiver, family member, or stranger for personal gain.
4. What role does social support play in aging?
Social support plays a vital role in aging by supporting mental health, reducing feelings of loneliness, and providing a sense of belonging. Strong social connections can act as a buffer against stress and contribute to a higher quality of life and overall well-being in older adults.
5. Which of the following is a key difference between Medicare and Medicaid when paying for nursing home care?
Medicare covers skilled nursing facility care for up to 100 days following a qualifying hospital stay, whereas Medicaid covers long-term custodial nursing home care for eligible low-income individuals.
6. What is required to access retirement accounts without penalty?
To access funds from most qualified retirement accounts, such as 401(k)s and IRAs, without incurring a 10% early withdrawal penalty, the account holder must generally be age 59½ or older. This age requirement is set by the IRS to encourage long-term saving for retirement. While some exceptions exist, reaching this specific age is the standard for penalty-free withdrawals.