ECONOMICS
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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deductible
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long-term care insurance
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health insurance
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co-insurance
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Detailed explanation-1: -Long-term care involves a variety of services designed to meet a person’s health or personal care needs during a short or long period of time. These services help people live as independently and safely as possible when they can no longer perform everyday activities on their own.
Detailed explanation-2: -Long-term care (LTC) insurance is coverage that provides nursing-home care, home-health care, and personal or adult daycare for individuals age 65 or older or with a chronic or disabling condition that needs constant supervision.
Detailed explanation-3: -Nursing Homes and Assisted Living (Long-term Care Facilities) Long term care facilities provide a variety of services, both medical and personal care, to people who are unable to live independently.
Detailed explanation-4: -Independent living communities. One of the most common independent living communities is the continuing care retirement community (CCRC). Assisted living communities. Nursing homes. Alzheimer’s care. Residential care homes.