Long Term Care Certification Practice Test

What feature should an employee consider adding to their group long-term care plan for better coverage upon retirement?

1. Coordination of benefits

2. Buy-up

3. Waiting period adjustment

4. Extended coverage options

The correct answer is: Buy-up

Choosing to add a buy-up feature to a group long-term care plan is a strategic move for an employee planning for retirement. This option allows individuals to increase the amount of coverage they have, addressing the potential for rising long-term care needs as they age. A buy-up typically offers more extensive benefits, which can translate into a greater range of services or a higher daily benefit amount. This is crucial since long-term care expenses can escalate over time and having enhanced coverage ensures that retirees are better protected against these costs. While the other options represent valuable considerations for long-term care planning, they primarily focus on adjusting existing benefits or facilitating coverage coordination. Extended coverage options may provide additional time for care, and coordination of benefits focuses on aligning plans to avoid overlaps, but neither increases the core benefit level like a buy-up does. Waiting period adjustments modify the time before benefits kick in, which may not enhance the overall coverage as effectively as increasing the benefit limits through a buy-up feature.