Pennsylvania Life and Health Insurance Exam Practice Question
The type of insurance primarily designed to cover nursing home or in-home care expenses is called:
Correct Answer: B
Rationale: Long-term care insurance is specifically designed to cover expenses related to nursing home and in-home care, making it essential for individuals who may need assistance with daily activities due to aging or illness.
Disability income insurance focuses on replacing lost income due to a disability, not covering care expenses. Medicare supplement insurance helps cover costs not included in Medicare, but it does not provide comprehensive long-term care coverage. Major medical insurance primarily addresses hospital and medical expenses, lacking the focus on extended care services. Thus, long-term care insurance is the most appropriate choice for covering these specific needs.
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