#1
Which of the following is a primary difference between Medicare and Medicaid?
Medicare is only for people over 65, while Medicaid is for low-income individuals and families.
ExplanationMedicare age-restricted; Medicaid for low-income.
#2
What type of care does Medicaid typically cover?
Long-term care, including nursing home stays
ExplanationMedicaid covers long-term care including nursing homes.
#3
Which of the following is NOT a common method used to protect assets when planning for Medicaid eligibility?
Selling assets at fair market value
ExplanationSelling assets at fair market value is not a protection method.
#4
What is the look-back period for Medicaid eligibility when assessing asset transfers?
5 years
ExplanationLook-back period for asset transfers is 5 years.
#5
Which of the following is a Medicaid program designed specifically to assist with long-term care services provided at home or in a community setting?
Medicaid Waivers
ExplanationMedicaid Waivers for long-term care at home or community.
#6
In Medicaid planning, what is the 'community spouse'?
A spouse who is not eligible for Medicaid benefits
ExplanationNon-eligible spouse in Medicaid planning.