A problem related to private long-term-care insurance is that it:
A) is unavailable to people who are above the age of 75.
B) does not give any tax credit to people who pay their insurance premiums.
C) lacks enough regulation to ensure the financial stability of the insurance plans.
D) is only available to women and children.

Question

Quizplus · Accepted Answer

Private long-term-care insurance lacks enough regulation to ensure the financial stability of the insurance plans. This has led to issues such as some insurance companies going bankrupt and policyholders losing their coverage. While choices A and B are potential issues with private long-term-care insurance, they are not the main problem. Choice D is not accurate as private long-term-care insurance is available to both men and women.

A Problem Related to Private Long-Term-Care Insurance Is That It