Overview
Options
Quiz
1. Long term care may be delivered in the home, assisted living facilities, and nursing homes.
T
F
2. Nationally, current average cost for one year in a nursing home is less than $40,000.
T
F
3. If you are currently 50 years of age, average lifetime nursing home costs can exceed 1/2 million dollars.
T
F
4. Medicare does not cover most long term care expense.
T
F
5. Only 1 out of 10 people over age 65 will ever need any type of long term care.
T
F
6. Only elderly people need to utilize long term care facilities.
T
F
7. The Deficit Reduction Act of 2005 will make it more difficult for people to qualify for Medicaid nursing home assistance.
T
F
8. It’s easy for family members to be full- or part-time caregivers.
T
F
9. Long Term Care insurance may pay for care in your own home as
well as care in an assisted living facility, or nursing facility.
T
F
10. Benefits from a tax-qualified long term care insurance policy are considered tax-free and premiums may be deductible.
T
F
11. I can afford to fund my own long term care expenses.
T
F
©2006 Cooperative Care Planning Services
Overview