Because the health care insurance industry and laws governing it are in flux, clients depend on planners to help them understand the basics and navigate the changes. And because it is in flux, you have a duty to stay current. This module begins with a comparison of the various types of health insurance plans and how they operate to pay for health care. Medicare, which is an important component of retirement planning, was also covered. You then learned about calculating costs and risks related to health care including tax benefits that defray the cost. Helping clients evaluate options concluded the first portion of the module.

The module then discusses disability income insurance, which is one of the most important, yet often overlooked, forms of insurance as it replaces many clients’ greatest asset - their ability to earn an income. The module concludes with a discussion of long-term care and the insurance products that are available to help people manage to cost of care.

Author: David Mannaioni, CFP®, CLU, ChFC, CPCU

David Mannaioni, CFP®, CLU, ChFC, CPCU is an associate professor at the College for Financial Planning. Utilizing his 30+ years of experience in the financial services industry, David also maintains a financial planning practice where he works with his clients in all areas of financial planning. In addition to his certifications, David holds Life and Health insurance licenses in several states, as well as the Series 6, Series 7, Series 63, and Series 24 registrations with FINRA. You can contact David at david.mannaioni@cffp.edu

Complexity Level: Intermediate