Long-Term Care Planning Quiz

What is the primary focus of the exam mentioned in the document?

• Math problems

• Definitions and practical applications

• Statute numbers

• Exact numbers

What does "Holistic LTCP" require according to the document?

• Only the advice from counsel after long-term care needs arise

• Advice and advocacy from counsel at all stages of long-term care planning

• Focus solely on the financial aspects of long-term care

• Ignoring the client's testamentary wishes

What does "Aging in Place" emphasize?

• Moving to institutional settings

• Staying in the same home or community as long as possible

• Relying on additional assistance for daily needs

• Avoiding any form of community support

Which of the following is NOT included in the Activities for Daily Living (ADLs) as defined in the document?

• Cooking

• Bathing/Hygiene

• Dressing

• Toileting

What is the primary purpose of Instrumental Activities for Daily Living (IADLs)?

• To provide 24hr skilled nursing care

• To assist with complex tasks necessary to age in place independently

• To offer housing for the aged

• To administer federal health insurance

Which type of facility provides 24hr skilled nursing or rehabilitation services for injured, disabled, or sick persons?

• Assisted Living Facilities (ALFs)

• Continuing Care Retirement Communities (CCRCs)

• Skilled Nursing Facility (SNF)

• Home Equity Conversion Mortgage (HECM)

Under which program are skilled nursing care and related services provided for residents who require medical or nursing care?

• MEDICARE

• MEDICAID

• HECM

• CCRCs

What does a Home Equity Conversion Mortgage (HECM) allow a homeowner to do?

• Convert home equity into cash by receiving regular payments

• Receive skilled nursing care at home

• Pay for assisted living facilities

• Fund a nursing facility

Which of the following is NOT a component of Instrumental Activities for Daily Living (IADLs)?

• Home Maintenance

• Medical Treatment Plans

• Skilled Nursing Care

• Transportation

What is the purpose of a guardianship as defined in the document?

• To provide legal advice to an individual

• To appoint someone to manage financial assets only

• To appoint someone by the court to protect and assist a person or property in need

• To oversee educational decisions for a person