CFG Legal & Regulatory Issues in Elder Care 2

Question 1

Under the Older Americans Act (OAA), which federal agency is primarily responsible for administering programs for older adults?

Accepted Answer

Administration for Community Living

Answer

The Administration for Community Living (ACL) administers OAA programs, including nutrition, supportive services, and caregiver support.

Question 2

A durable power of attorney for finances differs from a standard power of attorney primarily because it:

Accepted Answer

Remains effective if the principal becomes incapacitated

Answer

A durable POA remains in effect even if the principal loses mental capacity, making it a critical elder planning tool.

Question 3

Which Medicare Part covers inpatient hospital stays for beneficiaries?

Accepted Answer

Medicare Part A

Answer

Medicare Part A covers inpatient hospital care, skilled nursing facility stays, hospice, and some home health care.

Question 4

The Medicaid 'look-back period' for asset transfers is generally:

Accepted Answer

60 months

Answer

Medicaid reviews asset transfers made within 60 months (5 years) prior to application for long-term care benefits.

Question 5

Which legal document allows an individual to specify their wishes regarding medical treatment if they become unable to communicate?

Accepted Answer

Advance healthcare directive

Answer

An advance healthcare directive (living will) documents a person's preferences for medical care when they cannot speak for themselves.

(CFG) Certified Financial Gerontologist Practice Test