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.