ECONOMICS (CBSE/UGC NET)

ECONOMICS

INSURANCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
This type of insurance provides payment for extended nursing care when a person cannot live independently (but doesn’t need to be hospitalized).
A
health
B
disability
C
long term care
D
homeowners
E
automobile
Explanation: 

Detailed explanation-1: -Government health insurance programs, such as Medicaid (Medicare does not cover long-term care but may cover some costs of short-term care in a nursing home after a hospital stay.) Private financing options, such as long-term care insurance. Veterans’ benefits. Services through the Older Americans Act.

Detailed explanation-2: -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-3: -Skilled Nursing. Assisted Living. Home Health Care. 05-Feb-2019

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.

There is 1 question to complete.