Question

All the following statements regarding the benefits of state LTC partnership programs are generally correct EXCEPT: A) Consumers benefit through the assurance of long-term care protection that may help them preserve personal assets. B) Insurance companies benefit through an expanded market for their product and a larger pool of insureds to spread the insurance risk. C) State Medicaid programs benefit by potentially reducing demand for Medicaid financing. D) The federal Medicare program benefits by reducing demand for acute long-term care among seniors.

Answer 1

The statement that is generally incorrect among the options is D) The federal Medicare program benefits by reducing demand for acute long-term care among seniors.

Step-by-step explanation:

Option A is generally correct as state LTC partnership programs provide consumers with added protection for their assets against the costs of long-term care.

Option B is generally correct as insurance companies benefit from an expanded market and a larger pool of insured individuals, helping spread the insurance risk.

Option C is generally correct as state Medicaid programs may benefit by potentially reducing the demand for Medicaid financing, as individuals are encouraged to rely on private insurance first.

However, Option D is generally incorrect because state LTC partnership programs primarily impact Medicaid, not Medicare. These programs are designed to alleviate the burden on state Medicaid programs, not directly impact the federal Medicare program.

Option D is the answer.