State RegulationsFL specificDifficulty 2/5
How does a continuing care retirement community arrangement fundamentally differ from a long-term care insurance policy in Florida?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under the Florida Insurance Code, the CCRC is itself the care provider: under its continuing care contract, the community supplies housing, personal services, and nursing care directly. A long-term care insurance policy, by contrast, is a funding mechanism: the insurer pays policy benefits, and the insured uses the money to purchase care from whatever provider he or she chooses. Confusing the provider model with the financing model is a classic exam trap.
Why the other options are wrong
- A) A CCRC provides far more than housing; its contract covers personal services and nursing care as well.
- B) A CCRC is built on precisely the opposite premise: a long-term continuing care contract with the resident.
- C) The roles are reversed: the LTC policy pays money, while the CCRC delivers the services directly.
Memory hook
CCRC = the provider; LTC policy = the payer.