Which of the following statements is (are) true concerning benefit payments under long-term care insurance?
I.Expense-incurred policies pay for actual charges up to a specified daily limit.
II.Per diem policies pay a specified daily benefit regardless of the charges incurred.

Question

Quizplus · Accepted Answer

I is true as expense-incurred policies pay for actual charges up to a specified daily limit.

II is also true as per diem policies pay a specified daily benefit regardless of the charges incurred.

Therefore, both statements are true.

Which of the Following Statements Is (Are) True Concerning Benefit