Long Term Care in Canada

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Questions and Answers

What has led to the increased opportunity for selling long term care insurance in Canada?

  • Misconceptions about long term care
  • COVID-19's impact on Canada's long term health care system (correct)
  • The Canada Health Act
  • The evolution of long term care in Canada

What is one of the reasons why Canadians are now looking to purchase long term care insurance?

  • To understand the evolution of long term care in Canada
  • To debunk misconceptions about long term care
  • To better understand the Canada Health Act
  • To finance their long term health care needs (correct)

What will be discussed in the webinar?

  • The Canada Health Act
  • Misconceptions about long term care
  • The evolution of long term care in Canada
  • All of the above (correct)

What is one of the challenges for agency clients regarding long term care insurance?

<p>Confusion about the product (B)</p> Signup and view all the answers

What area will be discussed in relation to government subsidies?

<p>A critical area (D)</p> Signup and view all the answers

Which of the following is a reason why Canadians are now interested in purchasing long term care insurance?

<p>The impact of COVID-19 on Canada's long term health care system (A)</p> Signup and view all the answers

What is one of the challenges for agency clients regarding long term care insurance?

<p>The complexity of long term care insurance policies (A)</p> Signup and view all the answers

What will be discussed in the webinar?

<p>The evolution of long term care in Canada (D)</p> Signup and view all the answers

What is one aspect of long term care planning that will be discussed in the webinar?

<p>The challenges of financing long term care in Canada (A)</p> Signup and view all the answers

What is the result of COVID-19 on Canada's long term health care system?

<p>The increased concern and interest in long term care insurance (D)</p> Signup and view all the answers

What percentage of Canadians have access to integrated palliative care?

<p>15% (C)</p> Signup and view all the answers

Why do Canadians perceive the premiums for long term care insurance as too high?

<p>Inadequate government funding (B)</p> Signup and view all the answers

What is the most significant cause of disability among Canadians aged 65 and over?

<p>Alzheimer's Disease/Dementia (A)</p> Signup and view all the answers

What is the main reason for the increased opportunity for selling long term care insurance in Canada?

<p>Aging population (C)</p> Signup and view all the answers

What does the LTCi help pay for?

<p>Extended physical or cognitive care (C)</p> Signup and view all the answers

What is the result of inadequate subsidized home care in Canada?

<p>Over 430,000 adult Canadians with unmet home care needs (C)</p> Signup and view all the answers

What is the main consequence of the 13 different health insurance programs in Canada?

<p>Confusion about long term care services (C)</p> Signup and view all the answers

What has contributed to the situation of over 40,000 Canadians being on wait lists for long term care/nursing homes?

<p>Unmet home care needs (C)</p> Signup and view all the answers

What is the role of LTCI in Canada according to the text?

<p>Addressing inadequacies in the long term care system (B)</p> Signup and view all the answers

What has been the impact of COVID-19 on the need for long term care insurance in Canada?

<p>Decreased interest in purchasing LTCI (C)</p> Signup and view all the answers

What is a common misconception about long term care according to the text?

<p>The government provides free care for all long term care needs (D)</p> Signup and view all the answers

What is the reality about Canadians' understanding of long term care costs based on the text?

<p>Canadians have no idea about long term care costs and have made no provision for it in their retirement planning (A)</p> Signup and view all the answers

According to the text, what percentage of people receiving long term care are adults under the age of 64?

<p>40% (D)</p> Signup and view all the answers

What does the text suggest about the societal attention towards long term care in Canada?

<p>There has been too little societal attention put towards long term care in Canada (B)</p> Signup and view all the answers

What is the primary source of funding for long term care, as mentioned in the text?

<p>Provincial and territorial health insurance plans funded by health transfers from Ottawa (A)</p> Signup and view all the answers

What is the result of the inadequate subsidized home care in Canada?

<p>Increased demand for nursing homes (D)</p> Signup and view all the answers

What is the primary source of funding for long term care, as mentioned in the text?

<p>Provinces' health insurance programs (C)</p> Signup and view all the answers

What has led to the increased demand for selling long term care insurance in Canada?

<p>Inadequate, fractured care in long term care facilities (A)</p> Signup and view all the answers

What is the most significant cause of disability among Canadians aged 65 and over?

<p>Long term care needs (B)</p> Signup and view all the answers

What does the Long Term Care Insurance (LTCI) help pay for?

<p>Home care services (D)</p> Signup and view all the answers

What is the reality about the government paying for long term care in Canada?

<p>The government subsidizes a few hours of home care daily and nursing home care, but the resident is responsible for accommodation costs. (D)</p> Signup and view all the answers

What is a common misconception about long term care according to the text?

<p>Many Canadians believe that long term care costs are fully covered by the government. (C)</p> Signup and view all the answers

What is the main consequence of the fragmented continuum of care in Canada?

<p>Unequal and inconsistent access to necessary services across Canada. (D)</p> Signup and view all the answers

What does long term care planning help clients with?

<p>It integrates the funding of long term care into a financial/retirement plan. (C)</p> Signup and view all the answers

What are some factors that determine how much money an individual will need for long term care?

<p>Present health, future health, and current financial situation. (B)</p> Signup and view all the answers

What is a key reason why only about 15 per cent of Canadians have access to integrated palliative care?

<p>Inadequate insurance coverage for palliative care (A)</p> Signup and view all the answers

What is the primary reason for the stalling of Long Term Care Insurance (LTCi) in Canada, according to the text?

<p>Difficulty in determining long term care risk (D)</p> Signup and view all the answers

What is a significant factor contributing to the increased opportunity for selling Long Term Care Insurance (LTCi) in Canada?

<p>Aging population and increased care needs (C)</p> Signup and view all the answers

What is one of the reasons why long term care planning is not just about a product, according to the text?

<p>Variation in care and subsidies by province (C)</p> Signup and view all the answers

Which factor has led to the societal attention towards long term care in Canada, as mentioned in the text?

<p>Shift in Canada's population demographics (A)</p> Signup and view all the answers

What is a common misconception about long term care according to the text?

<p>The government pays for all long term care costs (A)</p> Signup and view all the answers

What is the primary source of funding for long term care, as mentioned in the text?

<p>Provincial and territorial health insurance plans (D)</p> Signup and view all the answers

What does the Long Term Care Insurance (LTCI) help pay for?

<p>Accommodation fees in nursing homes (C)</p> Signup and view all the answers

What has led to the societal attention towards long term care in Canada, as mentioned in the text?

<p>A lack of attention put towards LTC in Canada (B)</p> Signup and view all the answers

What is one of the challenges for agency clients regarding long term care insurance?

<p>Confusing terminology and fees across different provinces (A)</p> Signup and view all the answers

What is the primary factor contributing to the increased interest in purchasing long term care insurance in Canada?

<p>Increased stress on family caregivers (D)</p> Signup and view all the answers

Why do Canadians perceive the premiums for long term care insurance as too high?

<p>Difficult to determine long term care risk (B)</p> Signup and view all the answers

What has led to the increased demand for selling long term care insurance in Canada?

<p>Canada's ageing population (D)</p> Signup and view all the answers

What is the most significant cause of disability among Canadians aged 65 and over?

<p>Alzheimer’s Disease/Dementia (A)</p> Signup and view all the answers

Why is long term care planning not just about a product, according to the text?

<p>Long term care is not just about a product, it’s about planning (B)</p> Signup and view all the answers

What is the primary goal of Long Term Care Planning according to the text?

<p>To help individuals prepare financially for long term care needs (C)</p> Signup and view all the answers

Why has Long Term Care Insurance (LTCI) stalled in Canada, according to the text?

<p>High premiums making it unaffordable for most Canadians (D)</p> Signup and view all the answers

What is the main consequence of the fragmented continuum of care in Canada as mentioned in the text?

<p>Inadequate and fractured care for individuals (D)</p> Signup and view all the answers

What has led to the increased demand for selling Long Term Care Insurance (LTCI) in Canada?

<p>Increased awareness about the benefits of LTCI (B)</p> Signup and view all the answers

What is the primary source of funding for long term care as mentioned in the text?

<p>Private funding through Long Term Care Insurance (LTCI) (D)</p> Signup and view all the answers

What has contributed to the situation of over 40,000 Canadians being on wait lists for long term care/nursing homes?

<p>Inadequate subsidized home care, leading to people being forced into nursing homes (B)</p> Signup and view all the answers

What is the primary source of funding for long term care as mentioned in the text?

<p>Acute hospital and physician care (A)</p> Signup and view all the answers

What is one of the reasons why Canadians are now looking to purchase long term care insurance?

<p>Inadequate, fractured care in long term facilities (D)</p> Signup and view all the answers

What is the main consequence of the 13 different health insurance programs in Canada?

<p>Confusion about long term care services (B)</p> Signup and view all the answers

What is the result of inadequate subsidized home care in Canada?

<p>Forcing thousands into nursing homes (C)</p> Signup and view all the answers

What is a key factor contributing to the increased demand for Long Term Care Insurance (LTCI) in Canada?

<p>Decreased federal health care funding not matching population ageing (A)</p> Signup and view all the answers

What is the primary impact of COVID-19 on Canada's long term health care system?

<p>Shortage of health care workers (C)</p> Signup and view all the answers

What is a common misconception about long term care planning and insurance according to the text?

<p>Government will fully cover long term care costs (C)</p> Signup and view all the answers

What does the Long Term Care Insurance (LTCI) primarily help pay for?

<p>Care at a facility or in a home (D)</p> Signup and view all the answers

What is the most significant cause of disability among Canadians aged 65 and over?

<p>Alzheimer’s Disease/Dementia (B)</p> Signup and view all the answers

What is a common misconception about government payment for long term care?

<p>The government fully covers the cost of long term care for all citizens (D)</p> Signup and view all the answers

What is a reality about Canadians' understanding of long term care costs?

<p>Nearly three-quarters of Canadians have no idea about the costs of long term care (B)</p> Signup and view all the answers

When should individuals start thinking about long term care planning according to the text?

<p>Before they need it, while they are still physically and cognitively able to plan (B)</p> Signup and view all the answers

What is a common misconception about the need for long-term care?

<p>Many Canadians believe they will never need any form of long-term care (B)</p> Signup and view all the answers

What is the primary consequence of the fragmented continuum of care in Canada according to the text?

<p>Unequal and inconsistent access to necessary services across Canada (B)</p> Signup and view all the answers

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