Assume that Julie purchased a long-term care policy with a 5-year benefit period. The policy provides a daily benefit of $200 using a pool-of-money concept, with an elimination period of 60 days. The policy is tax-qualified (meets HIPAA requirements). The policy does not have an inflation rider. How will Julie qualify for benefits under the policy?

Answer rating: 100% (QA)

Julie will qualify for benefits under the longterm care policy after satisfying the elimination period and meeting the eligibility criteria outlined i... View the full answer