CSS Long-Term Care Planning

Question 1

According to US government data, approximately what percentage of people turning 65 today will need some form of long-term care?

Accepted Answer

70%

Answer

The US Department of Health and Human Services estimates that about 70% of people turning 65 will need some type of long-term care services during their lifetime.

Question 2

Which government program pays for most long-term care services in the US for eligible low-income seniors?

Accepted Answer

Medicaid

Answer

Medicaid is the primary government payer for long-term care services, covering nursing home and home care costs for seniors who meet income and asset limits.

Question 3

What does Medicare cover regarding long-term care in a skilled nursing facility (SNF)?

Accepted Answer

Up to 100 days of SNF care following a qualifying 3-day hospital stay, with cost-sharing after day 20

Answer

Medicare covers up to 100 days of skilled nursing facility care after a qualifying 3-night hospital stay, with full coverage for days 1–20 and cost-sharing for days 21–100.

Question 4

What are 'Activities of Daily Living' (ADLs) in the context of long-term care eligibility?

Accepted Answer

Basic self-care tasks — bathing, dressing, eating, toileting, transferring, and continence — used to assess care needs

Answer

ADLs are six basic self-care functions used by insurers and Medicaid to measure functional impairment; needing help with 2 or more typically triggers long-term care insurance benefits.

Question 5

What is the primary financial risk that long-term care insurance (LTCI) is designed to address?

Accepted Answer

The catastrophic cost of extended nursing home or home care, which can rapidly deplete savings

Answer

Long-term care insurance protects against the potentially devastating cost of extended care, such as nursing home stays averaging over $90,000 per year, which can quickly exhaust retirement savings.

(CSS) Certified Senior Specialist Practice Test

(CSS) Certified Senior Specialist Practice Test

CSS Long-Term Care Planning