Long-Term Care Planning Flashcards
6 cards from real CSS practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Long-Term Care Planning flashcards as text
What is a 'hybrid' or 'combination' long-term care insurance product?
Answer: A life insurance or annuity policy with a long-term care benefit rider that returns premium if care is never needed
Hybrid products combine life insurance or annuities with long-term care benefits, ensuring that if care is never needed, the death benefit or accumulation value passes to heirs.
The Medicaid 'community spouse resource allowance' (CSRA) protects:
Answer: Assets that the at-home spouse is allowed to retain when the other spouse applies for Medicaid nursing home coverage
The CSRA allows the healthy at-home (community) spouse to retain a protected amount of assets so they are not entirely impoverished when their spouse qualifies for Medicaid.
What is the average annual cost of a private room in a US nursing home as of recent national estimates?
Answer: $90,000–$100,000
According to Genworth Cost of Care surveys, the national median annual cost for a private nursing home room is approximately $90,000–$108,000 depending on the year.
What is 'Medicaid spend-down' and how does it work for seniors needing nursing home care?
Answer: A senior must deplete assets above Medicaid limits to qualify, effectively spending down to eligibility thresholds
Spend-down requires seniors to exhaust most countable assets above state-defined limits before becoming eligible for Medicaid-funded nursing home care.
Which long-term care service allows seniors to receive care while still living at home, often delaying or preventing nursing home placement?
Answer: Both A and B
Both adult day health services and home health aide services support seniors in their homes or communities, which can delay or prevent the need for nursing home placement.
What type of long-term care facility provides multiple levels of care—independent, assisted, and skilled nursing—on one campus?
Answer: Continuing Care Retirement Community (CCRC)
A CCRC (also called a Life Plan Community) provides a continuum of care from independent living through skilled nursing on one campus, allowing residents to age in place.