State RegulationsMA specificDifficulty 1/5
When marketing long-term care insurance in Massachusetts, insurers must provide shoppers with a specific document that compares the different ways of paying for long-term care. What is that document?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Massachusetts' long-term care marketing rules require insurers to deliver the shopper's guide titled 'Your Options for Financing Long-Term Care' so that consumers weigh long-term care insurance against their other financing choices — including self-funding and public programs — before they buy. The requirement appears at 211 CMR 65.09(3)(a) within the Massachusetts Division of Insurance's long-term care regulation, 211 CMR 65.00. It is a neutral financing-comparison document, distinct from any one insurer's marketing materials.
Why the other options are wrong
- B) A policy illustration presents a single recommended contract's projected values; the required document is a neutral financing comparison.
- C) The Medicare supplement buyer's guide belongs to the Medicare supplement disclosure regime under 211 CMR 71.13, not to long-term care marketing.
- D) A MassHealth application is a public-program eligibility form, not the insurer-delivered shopping document required by 211 CMR 65.09(3)(a).
Memory hook
'Your Options for Financing Long-Term Care' — the shopper's guide every LTC pitch must ride along with.