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Study Guide- Long Term Care Fundamentals

The study guide is provided to guide you through the course material in a step by step format.

Course material is a PDF document.

Chapter 1 – The Nature of Long Term Care

Assignment: Chapter 1 <<>> Review Questions Chapter #1: # 1-5

When you have completed this chapter, you should be able to:

  • Define long term care;
  • Describe the normal activities of daily living;
  • Identify the settings in which long term care may be provided;
  • Recognize the risk of needing long term care and the factors that may affect the risk; and
  • Describe the social factors affecting the need for long term care.

Chapter 2 – Long Term Care Costs

Assignment: Chapter 2 <<>> Review Questions Chapter #2: #1-4

When you have completed this chapter, you should be able to:

  • Identify the national average cost of obtaining long term care in a nursing home;
  • Recognize the average U.S. cost of residing in an assisted living facility;
  • Identify the average costs normally associated with community-based long term care;
  • Describe the U.S. population trends expected to affect the future cost and availability of long term care; and
  • Recognize the various sources of long term care funding in the United States.

Chapter 3 – Long Term Care Insurance

Assignment: Chapter 3 <<>> Review Questions Chapter #3: #1-4

When you have completed this chapter, you should be able to:

  • Compare the indemnity and reimbursement approaches to providing long term care insurance benefits;
  • Identify the qualified and nonqualified long term care insurance policy benefit triggers;
  • Recognize the basic provisions contained in a long term care insurance policy;
  • Describe the tax treatment to which long term care insurance premiums and benefits are subject; and
  • Identify the alternatives for paying the costs of long term care services.

Chapter 4 – Suitability and Ethical Issues

Assignment: Chapter 4 <<>> Review Questions Chapter #4: #1-3

When you have completed this chapter, you should be able to:

  • Identify the factors that affect the suitability of long term care insurance for an individual client;
  • Recognize the client disclosures that should be made in any ethical long term care insurance recommendation; and
  • Describe the special suitability and disclosure requirements applicable to the replacement of a long term care insurance policy.

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