Ray was admitted to a long-term residential nursing facility. Ray had to pay costs at the facility until he had a pre-determined asset amount remaining, and then Medicaid began paying his expenses. What type of insurance policy did Ray own?

Ray was admitted to a long-term residential nursing facility. Ray had to pay costs at the facility until he had a pre-determined asset amount remaining, and then Medicaid began paying his expenses. What type of insurance policy did Ray own?



a. Medigap

b. Long term Care

c. Medicare

d. Partnership LTC



Answer: D

Comments

Popular posts from this blog

You are riding in Sarah's car when she fails to yield and causes an accident. Which of the following coverages would NOT pay for your injuries?