Personal Finance #8-Insurance-Medical & Disability

Learn personal finance strategies for medical and disability insurance from a Certified Public Accountant (CPA)

What you'll learn
Define health insurance
Define and describe group health insurance
Describe the Affordable Care Act (ACA) as it relates to health care
Define and discuss private heath insurance
Define and describe Preferred Provider Organization (PPO)
Explain what a Point-of Service (POS) plan is
Define what a High-Deductible Health Plan is and when it may be useful
Define and explain what coinsurance, copays, and deductibles
Describe preexisting conditions and how they relate to health insurance
Explain the Consolidated Omnibus Budget Reconciliation Act (COBRA)
Describe dental and vision insurance
Define Long-Term Care (LTC) insurance
Describe Medicare and Medicate government programs
Explain Flexible Spending Account (FSA) and Health Savings Account (HSA)
Describe disability income insurance
Requirements
None
Description
This course will cover personal finance decisions related to medical and disability insurance.We will describe health insurance and compare it to other kinds of insurance, noting areas where health insurance can be more complex.Learners will understand what group health insurance is and its benefits. We will discuss the Affordable Care Act (ACA) and the legislation's impact on health insurance.The course will cover private health insurance, health maintenance organizations, preferred provider organizations (PPOs), and point-of-service (POS) plans.We will also define high deductible health plans and discuss when they may be appropriate.The course will break down the concepts of coinsurance, copays, deductibles, preexisting conditions, and health insurance costs.We will consider options for purchasing health care, discuss different insurance companies, and consider the Consolidated Omnibus Budget Reconciliation Act (COBRA).Learners will also understand dental and vision insurance and how they relate to an overall health insurance risk mitigation and health maintenance strategy.The course will define long-term care (LTC) and consider its use in an overall health care strategy.We will discuss Medicare and Medicaid and how these government programs fit into the health insurance landscape as we age.Learners will also understand how disability insurance works and how to use it as part of an overall personal risk medication strategy.We will also have practice problems, including downloadable Excel Workbooks, which users may also open using Google Sheets.The Excel Workbooks will generally have at least two tabs. One tab will have the answer key so learners can deconstruct the problem. The second tab is where we work the practice problem step-by-step along with the instructional videos.

Overview

Section 1: Presentations- Medical and Disability Insurance

Lecture 1 9020 Health Insurance Overview

Lecture 2 9040 Group Health Insurance

Lecture 3 9060 Health Insurance Requirements

Lecture 4 9080 Affordable Care Act (ACA)

Lecture 5 9090 Private Health Insurance

Lecture 6 9092 Private Health Insurance Part 2

Lecture 7 9100 Health Maintenance Organization

Lecture 8 9110 Preferred Provider Organization (PPO)

Lecture 9 9120 Point-of-Service (POS) Plan

Lecture 10 9130 How High-Deductible Health Plans Work

Lecture 11 9140 Coinsurance and Copays

Lecture 12 9150 Co-pay and Deductible

Lecture 13 9160 Preexisting Condition

Lecture 14 9170 Health Insurance Cost

Lecture 15 9180 What is Not Covered by Health Insurance

Lecture 16 9190 Options for Purchasing Health Insurance

Lecture 17 9200 Insurance Companies

Lecture 18 9210 Consolidated Omnibus Budget Reconciliation Act (COBRA)

Lecture 19 9220 Dental Insurance Overview

Lecture 20 9230 Decision to Buy Dental Insurance

Lecture 21 9240 Dental Insurance Shopping

Lecture 22 9260 Dental Insurance and Obamacare

Lecture 23 9265 Dental Insurance and Crowns

Lecture 24 9270 Dental Insurance and Dentures

Lecture 25 9280 Dental Insurance and Teeth Whitening

Lecture 26 9290 Dental Insurance and Taxes

Lecture 27 9300 Dental Insurance AND Flexible Spending Account (FSA)

Lecture 28 9320 Vision Care Insurance

Lecture 29 9330 Decision to Purchase Vision Insurance

Lecture 30 9340 Vision Insurance Companies

Lecture 31 9350 Eldercare Strategies

Lecture 32 9360 Long-Term Care (LTC) Insurance Overview

Lecture 33 9370 Alternatives to Long-Term Care (LTC) Insurance

Lecture 34 9380 Medicaid vs. Long-Term Care Insurance

Lecture 35 9390 Medicaid and Nursing Homes

Lecture 36 9400 Asset Protection Trust for Seniors

Lecture 37 9410 Retirement Communities Overview

Lecture 38 9420 Retirement Community Costs

Lecture 39 9440 Skilled Nursing Facility

Lecture 40 9450 Flexible Spending Account (FSA)

Lecture 41 9460 Health Savings Account (HSA)

Lecture 42 9470 Health Reimbursement Arrangement (HRA)

Lecture 43 9480 Voluntary Employees’ Beneficiary Association Plan (VEBA)

Lecture 44 9490 Archer MSA

Lecture 45 9500 Medicare Overview

Lecture 46 9510 Medicare Eligibility Age

Lecture 47 9520 Medicare Part A

Lecture 48 9530 Medicare Part B Premium

Lecture 49 9540 Medicare Star-Rating System

Lecture 50 9550 Medicare Part D Providers

Lecture 51 9560 Medigap Overview

Lecture 52 9570 Medigap – Who is if For

Lecture 53 9580 Medicare Supplement Insurance Companies

Lecture 54 9590 Medicare Advantage

Lecture 55 9600 Medicare Advantage vs. Medigap

Lecture 56 9610 Medicare Advantage Plans

Lecture 57 9620 Disability Income (DI) Insurance

Lecture 58 9630 Disability Insurance Companies

Lecture 59 9640 Workers' Compensation Overview

Lecture 60 9650 Workers’ Compensation Insurance Companies

Lecture 61 9660 Social Security Disability Insurance (SSDI)

Section 2: Practice Probs

Lecture 62 9010 Insurance Payments for Medical Claims Calculation

Lecture 63 9020 Health Insurance Payment Comparison

Lecture 64 9030 Health Insurance Out of Pocket Max or Stop Loss Cap

Lecture 65 9040 Disability Insurance Payment Calculation

Lecture 66 9050 PPO Payout Calculation

Lecture 67 9080 Comparing Health Insurance Policies

Lecture 68 9090 Projected Hearth Care Costs

Section 3: Excel

Lecture 69 9010 Insurance Payments for Medical Claims Calculation

Lecture 70 9020 Health Insurance Payment Comparison

Lecture 71 9030 Health Insurance Out of Pocket Max or Stop Loss Cap

Lecture 72 9040 Disability Insurance Payment Calculation

Lecture 73 9050 PPO Payout Calculation

Lecture 74 9090 Projected Health Care Costs

Individuals,Personal financial planners