True or False? A Long-term Care Quiz

True or False? A Long-Term Care Quiz.

1. Disability insurance and long-term care (LTC) insurance cover the same things.

2. The average lifetime chance of needing long-term care for an individual 65 years or older is more than 40%.

3. People have to spend all or almost all of their assets to get Medicaid benefits.

4. Medicare is not the primary funding source for most seniors' long-term care costs.

5. Most long-term care is provided in a nursing home.

6. Medicaid covers long-term care services received at home.

7. Nursing home expenses for Alzheimer's Disease patients are covered by Medicare.

8. The average length of stay in a nursing home is more than four years.

9. Over 40% of the long-term care population is under the age of 65.

10. On average, a one-year stay in a nursing home costs about $30,000.