Discapacidad y Cuidado a Largo PlazoPregunta 661 de 716
Inflation protection in an LTC policy is important because:
a.LTC premiums are guaranteed for the life of the policy
b.Care costs tend to rise over time, so a fixed daily benefit loses value
c.Medicare will pay any shortfall in benefits
d.Long-term care benefits are always fully taxable, so inflation protection mainly helps offset the tax owed
Explicación
Because long-term care costs climb over the years, a level daily benefit erodes in real value, so inflation protection preserves purchasing power. Medicare does not backstop custodial care.
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)