1. A program that lets long-term care policyholders protect assets from Medicaid spend-down by purchasing qualified coverage is the:

Long-Term Care Partnership Program

The LTC Partnership Program allows asset disregard for Medicaid equal to benefits paid by a qualified partnership policy.

2. Medicare Part A primarily covers:

Inpatient hospital care

Part A is hospital insurance covering inpatient hospital, skilled nursing, hospice, and some home health care.

3. Medicare Part B primarily covers:

Physician services and outpatient care

Part B is medical insurance covering physician services, outpatient care, and durable medical equipment.

4. Medicare Part C (Medicare Advantage) consists of:

Private plans that deliver Part A and Part B benefits, often with extra services

Medicare Advantage plans are offered by private insurers and bundle Part A and B (often Part D and extras).