Introduction
Navigating the complex world of health and disability insurance can feel overwhelming. Whether you're new to insurance or looking to refine your knowledge, understanding these critical components of personal finance is essential for protecting your health and financial well-being. The course "Personal Finance #8-Insurance-Medical & Disability" offers a comprehensive dive into these topics, guiding you through everything from health insurance basics to intricate details of government programs like Medicare and Medicaid. This course stands out by providing not just theoretical knowledge but also practical tools, like downloadable Excel workbooks, to help you apply what you learn directly to your personal situation.
Course Details
Curriculum Overview
The course is structured to cover a wide range of topics essential for understanding medical and disability insurance. It begins with defining health insurance and progresses through detailed explanations of various insurance types, including group health insurance, private health insurance, and specialized plans like PPOs and POS plans. Key legislative aspects, such as the Affordable Care Act (ACA), are discussed to give learners a clear picture of how laws impact their insurance options. Additionally, the course covers crucial concepts like coinsurance, copays, deductibles, and preexisting conditions, ensuring a well-rounded understanding.
Key Learning Outcomes
By the end of the course, learners will be able to:
- Define and differentiate between various types of health insurance.
- Understand the impact of the ACA on health insurance options.
- Identify when a high-deductible health plan might be beneficial.
- Explain the role of COBRA and how it can be used.
- Describe dental, vision, and long-term care insurance and their importance in a comprehensive health strategy.
- Discuss Medicare, Medicaid, and disability insurance and their applications.
Target Audience and Prerequisites
This course is designed for anyone interested in personal finance and insurance, particularly those looking to make informed decisions about their health and disability coverage. There are no prerequisites, making it accessible to beginners and seasoned learners alike.
Course Duration and Format
The course comprises 19.5 hours of on-demand video content, accompanied by 67 downloadable resources. It is fully accessible on mobile and TV, allowing for flexible learning at your own pace.
Instructor Background
The course is taught by Robert (Bob) Steele, a highly experienced instructor with a 4.5 rating from over 54,000 reviews. Bob holds certifications as a CPA, CGMA, and has a Master's in Tax. With over 930,000 students enrolled in his 157 courses, his expertise and teaching style are well-regarded in the field.
Benefits & Applications
Practical Skills Gained
Learners will develop a robust understanding of how to navigate the insurance landscape, from choosing the right plan to understanding policy details. The course's practical exercises, including Excel workbooks, allow learners to apply concepts directly to their personal financial planning.
Real-World Applications
Understanding health and disability insurance is crucial for making informed decisions that protect your health and financial stability. Whether you're choosing a plan during open enrollment, dealing with a life change like job loss, or planning for long-term care, the knowledge gained will be directly applicable.
Career Relevance
For those in finance, HR, or healthcare, this course provides essential knowledge that can enhance professional skills. It's also valuable for anyone in a position to advise others on personal finance, such as financial planners or insurance agents.
Industry Alignment
The course aligns with current industry standards and practices, ensuring that learners are up-to-date with the latest in health and disability insurance regulations and options.
Standout Features
Unique Course Elements
One of the standout features is the inclusion of practice problems with downloadable Excel workbooks. These workbooks come with answer keys, allowing learners to check their work and understand the solutions step-by-step.
Learning Materials and Resources
In addition to the comprehensive video content, the course provides a wealth of downloadable resources, including guides and checklists that can be used as references long after the course is completed.
Support Features
Learners have access to a supportive community and can reach out with questions or for clarification on complex topics. The course's structure and resources ensure a supportive learning environment.
Course Updates Policy
The course content is regularly updated to reflect changes in laws, regulations, and industry practices, ensuring that learners always have access to the most current information.
Student Success
Learning Outcomes
Students consistently report a significant increase in their understanding of health and disability insurance, with many feeling more confident in making informed decisions.
Student Achievements
Numerous students have shared success stories of navigating insurance choices more effectively, saving money, and ensuring better coverage for themselves and their families.
Course Completion Insights
The course has a high completion rate, attributed to its engaging content and practical application, making it a valuable investment of time for learners.
Conclusion
"Personal Finance #8-Insurance-Medical & Disability" is highly recommended for anyone looking to master the complexities of health and disability insurance. Start your journey
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