State RegulationsOH specificDifficulty 1/5
Under Ohio long-term care rules, what must an insurer do regarding inflation protection at the time of purchase?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
OAC 3901-4-01(M) requires every insurer offering LTC insurance in Ohio to offer, at the time of purchase, an inflation-protection option no less favorable than the rule's standard options. Inclusion is even presumed unless the insurer obtains a signed rejection, so consumers cannot be silently left without the opportunity to protect benefits against rising care costs.
Why the other options are wrong
- A) Inclusion is presumed only in the absence of a signed rejection; consumers retain the right to decline.
- C) Ohio places no under-70 age condition on the offer of inflation protection.
- D) The insurer must affirmatively offer the option at purchase; it does not wait for unsolicited written requests.
Memory hook
Inflation protection must be on the menu — as good as the standard, every time.