Questions: Which of the following is an example of an optional benefit offered under long-term care insurance? - Vicky never has to pay her premiums by a certain deadline. She can pay whenever she wants - Mary lives in a nursing home. She falls and breaks her hip and has to spend two months in the hospital for observation and therapy. She is able to return to her bed at the nursing home - Amanda can cut her premiums in half without giving up any benefits - Michael must make a claim once every two months to continue his benefits

Which of the following is an example of an optional benefit offered under long-term care insurance?

- Vicky never has to pay her premiums by a certain deadline. She can pay whenever she wants
- Mary lives in a nursing home. She falls and breaks her hip and has to spend two months in the hospital for observation and therapy. She is able to return to her bed at the nursing home
- Amanda can cut her premiums in half without giving up any benefits
- Michael must make a claim once every two months to continue his benefits
Transcript text: Which of the following is an example of an optional benefit offered under long-term care insurance? - Vicky never has to pay her premiums by a certain deadline. She can pay whenever she wants - Mary lives in a nursing home. She falls and breaks her hip and has to spend two months in the hospital for observation and therapy. She is able to return to her bed at the nursing home - Amanda can cut her premiums in half without giving up any benefits - Michael must make a claim once every two months to continue his benefits
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Solution

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Answer

The answer is Mary lives in a nursing home. She falls and breaks her hip and has to spend two months in the hospital for observation and therapy. She is able to return to her bed at the nursing home.

Explanation
Option 1: Vicky never has to pay her premiums by a certain deadline. She can pay whenever she wants

This is not a typical feature of long-term care insurance. Insurance policies generally require timely premium payments to maintain coverage.

Option 2: Mary lives in a nursing home. She falls and breaks her hip and has to spend two months in the hospital for observation and therapy. She is able to return to her bed at the nursing home

This scenario describes a "bed reservation" benefit, which is an optional benefit in some long-term care insurance policies. It allows the insured to reserve their spot in a nursing home while they are temporarily hospitalized.

Option 3: Amanda can cut her premiums in half without giving up any benefits

This is unlikely to be a standard or optional benefit in long-term care insurance. Premium reductions typically involve a reduction in benefits or coverage.

Option 4: Michael must make a claim once every two months to continue his benefits

This is not an optional benefit but rather a requirement or condition for maintaining benefits, which is not typical of long-term care insurance policies.

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