Advanced Diploma of Financial Planning (ADFP) Practice Test

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Prepare for the Advanced Diploma of Financial Planning Test. Study with flashcards and multiple choice questions, receive explanations for each answer. Get exam-ready now!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Does Medicaid target only low-income elderly individuals?

Yes
No, it also includes disabled individuals
Only if they are retired
Yes, only if they have no assets

The correct answer is: No, it also includes disabled individuals

Medicaid is a joint federal and state program designed to provide health coverage to certain categories of individuals who meet specific eligibility criteria, and it primarily targets low-income individuals. This includes not only the low-income elderly but also disabled individuals of all ages. The correct choice acknowledges that Medicaid serves a broader population beyond just low-income elderly people. Disabled individuals, regardless of age, who have limited income and resources also qualify for Medicaid assistance. This reflects the program’s intent to help those who are vulnerable and may otherwise struggle to afford necessary medical care. The other options focus solely on particular subsets of the population, which does not accurately capture the comprehensive aim of Medicaid. Notably, eligibility is based on various factors including income, disability status, and family size, and it is designed to ensure support for those who have diverse health care needs.