This quiz is part of LFE Institute's CWMC (Certified Workplace Money Coaching) course. It will test your proficiency in the Eldercare Module (Module 10) of the program. The questions are all multiple choice, and are designed to be a review of this Module. Let LFE know when you've successfully completed this test and are ready to begin the next Module. Correct answers required for passing grade: 11/13
Independent Living Community
Assisted Living
Continuing Care Retirement Community (CCRC)
Fraternity House
Skilled Nursing Facility
Investigate healthcare insurance providers
Talk with an estate planner
Look into an equity loan instead of a reverse mortgage for someone over 70
Compare prescription drug programs
Ask if shops, restaurants, hotels, etc. give senior discounts
Life Time Care
Long Term Care
Licensed Treatment Community
Level Transitional Center
None of the above
Frequent calls claiming to care or be concerned about those who live on their own while subtly stealing their identity
Offering gifts or awards that are available only to seniors as part of a corporate marketing campaign
Promoting free government-sponsored services that require bank account information
Using fraudulent legal documents claiming that the senior is required to submit personal information to continue collecting Social Security or health benefits
What is the up-front fee?
What is the charge for repair if the unit breaks?
How much is the monthly rate?
Do I need a Living Will?
Generation X
Millennials
Baby Boomers
Generation Why
Traditionalists
Look for free transportation for seniors in their state
Utilize library and senior centers for entertainment and activities
See if "Meals on Wheels" is available in their area
Find a retired nurse who wants to earn extra money by staying with the parent during the day instead of the parent using an assisted living facility
Www.eldercare.gov
Www.4Parents.gov
Www.MySpace.com
Www.AARP.org
Www.FamilyCaregiving101.org
At least two valid Web sites
Avoid using the same word too often
Explanation of all financial terms
Use of Cautions and Money-Saving Tips
Retail check cashing services
Estate planning
Retirement Medical Savings Accounts (RMSA)
Understanding Trust verbiage and types: Investment, Revocable Living, or Family
$20,000
$40,000
$75,000
$100,000
$140,000
Old Age, Survivors, and Disability Insurance
FICA
Value-Added Tax (VAT)
Federal Insurance Contributions Act
OASDI
Because eldercare issues affect so many employees
More than 70 million Americans have questions on eldercare topics
Employers know that many employees are dealing with eldercare issues
Employees will have questions related to their own future retirement decisions
None of the above
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