State RegulationsIL specificDifficulty 2/5
An insurer wants to file a traditional, non-Partnership long-term care policy in Illinois. What must the policy do?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
A traditional long-term care policy sold in Illinois must meet the LTC minimum standards adopted under 215 ILCS 5/351A-1 and implemented by 50 Ill. Adm. Code 2012, covering required policy provisions and the consumer disclosures administered under Illinois Department of Insurance oversight. Partnership qualification is an additional, voluntary layer; every LTC policy must satisfy the base standards first.
Why the other options are wrong
- B) The federal Medicare program does not approve long-term care products; filing and approval run through the Illinois Department of Insurance.
- C) Long-term care insurance is sold by licensed insurers and producers in the ordinary market, not distributed through the state Medicaid agency.
- D) Traditional LTC insurance is regulated; the policy must include the required provisions and disclosures, not merely a bare benefit amount.
Memory hook
No Partnership badge needed — but the base LTC standards still bind.