Personal Finance #8-Insurance-Medical & Disability

Navigating the complexities of medical insurance and disability insurance is crucial for financial well-being. This course provides a comprehensive understanding of these vital aspects of personal finance.

We'll start with a clear explanation of health insurance, comparing it to other insurance types and highlighting areas where it can present unique challenges. You'll gain a solid grasp of group health insurance and its advantages. A significant portion of the course will focus on the Affordable Care Act (ACA), detailing its impact on the health insurance market.

You'll learn to differentiate between various health insurance plan types, including:

• Private health insurance options
• Health Maintenance Organizations (HMOs)
• Preferred Provider Organizations (PPOs)
• Point-of-Service (POS) plans
• High Deductible Health Plans (HDHPs) – and when they might be the right choice for you.

Demystify common health insurance terms like:

• Coinsurance
• Copays
• Deductibles
• Preexisting conditions
• Overall health insurance costs

We'll explore options for purchasing healthcare, examine different insurance companies, and understand the implications of COBRA continuation coverage.

Beyond medical coverage, discover the importance of dental insurance and vision insurance in a holistic health insurance risk mitigation and health maintenance strategy.

The course also delves into long-term care (LTC), exploring its role in a comprehensive healthcare plan. We'll examine Medicare and Medicaid, understanding how these government programs function as you age and integrate with your existing health insurance.

Finally, learn how disability insurance works and how it can be a powerful component of your overall personal risk management strategy.

To reinforce your learning, you'll have access to practical practice problems, complete with downloadable Excel Workbooks (also compatible with Google Sheets). Each workbook includes:

• An answer key to analyze your solutions.
• Step-by-step solutions, aligned with instructional videos, to guide you through each problem.