Albion Agencies Insurance

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Insurance Services for Western New York
Since 1844


Long-Term Care Quiz


Test your knowledge on Long-Term Care with this quiz provided by John Hancock's investments. Do you know as much as you think? You may be surprised by some of the facts.

Question True or False
Disability insurance and long term care cover the same things.
The average lifetime chance of needing long term care for an individual 65 years or older is more than 40%.
People have to spend all or almost all of their assets to get Medicaid benefits.
Medicare is not the primary funding source for most seniors' long term care costs.
Most long term care is provided in a nursing home.
Medicaid covers long term care services received at home.
Nursing home expenses for Alzheimer's disease patients are covered by Medicare.
The average length of stay in a nursing home is more than four years.
Nearly 40% of the long term care population is under the age of 65.
On average, a one-year stay in a nursing home costs about $30,000.