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Long - term care policies A ) commonly have an elimination period ( waiting period ) of between 6 0 and 9 0 days before

Long-term care policies
A) commonly have an elimination period (waiting period) of between 60 and 90 days before the policies will begin to pay
B) are relatively inexpensive and are a good value for those over 60
C) are not adjusted for inflation, so care must be taken to estimate future costs
D) All of the above
Disability insurance policies usually cover
A) actual expenses incurred.
B) a minimum dollar amount.
C) a percentage of your income before you were disabled.
D) Any of the above.
Tom purchased disability insurance that will provide $1,400 per month in benefits. His employer carries a disability policy on Tom that will provide an additional $600 per month in benefits. If Tom's monthly budget is $2,500 and Tom is anticipating no additional disability benefits from any other source, what is Tom estimating as his work-related monthly expenditures.
A) $500
B) $600
C) $2,000
D) $2,500
Which one of the following benefits is most often available through an employer?
A) Disability insurance
B) Health insurance
C) Dental insurance
D) Vision insurance
The cost of health care has risen dramatically in recent years due to all except
A) people living longer and requiring attention for longer periods of time.
B) the high cost of technology in health care.
C) reduced litigation costs.
D) the bureaucratic processes of reimbursement and claim handling.
Regarding the definition of disability,
A) it is the same for all disability policies.
B) it varies from one disability policy to another.
C) the same definition is used by the insurance industry and Social Security.
D) the meaning can change over the life of your disability policy.
Disability Insurance. Christine's total monthly expenses typically amount to $1,800. About $50 of these expenses are work related. Christine's employer provides disability insurance coverage of $600 per month. How much individual disability insurance should Christine purchase?
COBRA. Susan recently quit working for a local firm and has yet to find a new job. She knows she can maintain her health insurance from her old employer due to COBRA. How much will it likely cost her for health insurance if she previously paid $200 per month and her employer paid an additional $350 per month for her health coverage?
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