Arkansas Life and Health Insurance Practice Exam

In order for a claimant to be eligible for _______ benefits, they must qualify based upon need.

1. Disability

2. Long-Term Care

3. Medicaid

4. Medicare

The correct answer is: Disability

In order for a claimant to be eligible for Disability benefits, they must qualify based upon need. Disability benefits are typically provided to individuals who are unable to work due to a disability or illness, and these benefits are meant to replace a portion of their lost income. The qualification for Disability benefits is primarily based on the individual's inability to work, rather than their financial need. Long-Term Care insurance helps cover the costs of long-term care services, such as those needed for assistance with activities of daily living like bathing and dressing. Long-Term Care benefits are not typically based on financial need, but rather on the individual's need for long-term care services. Medicaid is a joint federal and state program that helps individuals and families with low income cover their medical expenses. Eligibility for Medicaid is based on financial need rather than the need for a specific type of benefit. Medicare is a federal health insurance program primarily for individuals aged 65 and older, as well as for certain younger people with disabilities. Medicare eligibility is not based on financial need, but rather on age or disability status.