Question

Which of the following statements about long-term care insurance is false?
At least 69% of people over the age of 65 will require long -term care at some point.
A good long-term care policy will include in-home care.
Long-term care insurance is not the same as disability or short -term medical care.
You should not buy long-term care insurance until age 30.
An amount of money you pay to help cover a portion of your medical costs
Co-payment
Annuity
Prepaid burial policies are a good idea.
False
True
Insurance that covers property damage and medical bills if you are at fault in a car accident or if someone gets hurt on your property
Liability
Uninsured motorist protection
Paperwork filed with an insurance company in order to get them to cover a loss for someone they insure
Claim
Appraisal
Which of the following is not a recommended way to save on your health insurance premium?
Increase your deductible.
See if a Health Savings Account would make sense for your situation.
Increase your stop-loss or your maximum out-of-pocket expense.
If you are young and healthy, you do not need health insurance.

Answer 1

1) Which statement about long-term care insurance is false?
- "You should not buy long-term care insurance until age 30." — False. (There’s no rule to wait until 30; buying earlier than very late life often locks in lower premiums.)

2) An amount of money you pay to help cover a portion of your medical costs
- Co-payment (copay)

3) Prepaid burial policies are a good idea.
- False

4) Insurance that covers property damage and medical bills if you are at fault in a car accident or if someone gets hurt on your property
- Liability

5) Paperwork filed with an insurance company in order to get them to cover a loss for someone they insure
- Claim

6) Which is not a recommended way to save on your health insurance premium?
- "If you are young and healthy, you do not need health insurance." — Not recommended (dangerous to go uninsured).