Which is an INACCURATE statement regarding inflation protection for long-term care insurance?

The statement regarding inflation protection for long-term care insurance that is inaccurate is that it covers a specified percentage of actual or reasonable charges. Generally, long-term care insurance policies are designed to pay benefits based on a daily benefit amount, which can be affected by inflation if an inflation protection option is selected. However, the actual or reasonable charges are typically related to the costs of care, and the inflation protection does not inherently cover these costs as a specified percentage.

When it comes to inflation protection, the other statements are accurate. Increases being compounded annually at a rate not less than 5 percent is a common feature of some inflation protection riders, providing a way to ensure that benefits keep pace with increases in the cost of care over time. Guaranteeing the insured the right to periodically increase benefit levels reflects the adaptability of long-term care policies to ensure they meet future care needs. Additionally, insurers are typically required to offer an option to add inflation protection when the policy is purchased, allowing consumers to make informed choices about their coverage based on anticipated future expenses. Thus, C is not aligned with the general structure of how inflation protection operates within long-term care insurance.