Question: Question #1 Of 45 When A Married Person Eligible For Medicaid Benefits Is Confined In A Nursing Home, Provisions Of The Spousal Impoverishment Act A) Require The At-home Spouse To Spend Down Until All Joint Assets Are Exhausted OB) Protect The Amount Of Income And Assets The At-home Spouse May Retain Without Terminating Medicaid Eligibility C) Require …

Question #1 of 45 When a married person eligible for Medicaid benefits is confined in a nursing home, provisions of the Spousal Impoverishment Act A) require the at-home spouse to spend down until all joint assets are exhausted OB) protect the amount of income and assets the at-home spouse may retain without terminating Medicaid eligibility C) require that the income of both spouses be counted as income of the at-home spouse OD) prevent assets held in the name of one spouse from being included in joint assets Question #2 of 45 Which of the following explanations would be the most accurate way for you to explain the free-look period to a prospect? O A) If you are not satisfied with the policy, you can return it during the free-look period for a portion of the premium OB) If you are not satisfied with your first claim experience, a significant percentage of the premiums paid will be returned to you. OC) The free-look period lets you examine the policy for as long as you want. If you’re ready and satisfied with the policy, just inform insurance company in writing to initiate the contract. D) If, for any reason, you are not satisfied with the policy, you can return it during the free-look period for a full refund of premium Question #3 of 45 Which of the following would NOT be a preexisting condition under a long-term care insurance policy? O A) A blood disorder discovered 4 months before the effective date OB) Cancer treatment received 3 months before the effective date OC) Alzheimer’s disease diagnosed before the effective date D) Emergency room treatment for an accidental injury that occurred on the effective date of the policy Question #4 of 45 Which of the following statements is FALSE? O A) Every issuer and agent must take reasonable steps to determine that the purchase of the coverage being applied for is suitable for the applicant, based on the financial circumstances of the applicant or insured. O B) Every issuer and every agent must make reasonable efforts to determine whether the issuance of a long-term care partnership policy will duplicate benefits under another disability insurance policy, long-term care insurance contract, or duplicate other sources of coverage such as Medicare supplement insurance coverage C) A long-term care partnership contract must state that the insured will be guaranteed to be automatically eligible for Medicaid, D) Every long-term care partnership contract must state on its first page that it is designed to quality for Medicaid asset protection Question #6 of 45 Under long-term care insurance contracts, an elimination period is A) the exclusionary period for preexisting conditions OB) the maximum benefit period C) a requirement for prior hospitalization D) a time deductible n cher