1. Most people first become eligible for Medicare at age:

Sixty-five

Most individuals become eligible for Medicare at age 65, though certain disabilities can qualify a person earlier.

2. Most people pay no premium for Medicare Part A because it is funded primarily by:

Payroll taxes paid during working years

Medicare Part A is funded largely through payroll taxes, so most beneficiaries owe no Part A premium.

3. The elimination period in a long-term care policy is:

A waiting period after care begins before benefits are paid

The elimination period is a deductible measured in days that must pass after care begins before benefits become payable.

4. An inflation protection option in a long-term care policy:

Increases the daily benefit over time to keep pace with rising care costs

Inflation protection raises the benefit amount over time so coverage keeps pace with the rising cost of care.