FIN 428 Week 4 Team Long-Term Care & COBRA Coverage Scenario Analysis Updated
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FIN 428 Week 4 Team Long-Term Care & COBRA Coverage Scenario Analysis NEW
Complete the instructions for both scenarios:
Scenario 1: Long-Term Care Insurance Coverage
Betty Hall is a 62-year-old Army veteran in good health. She retired from the military five years ago after 30 years of service. Should Betty need care, she would likely qualify for Veterans Administration (VA) benefits to pay for the cost. However, it may take a year or longer before she receives approval for services. During that time, she would have to pay the cost of care out of her current income or by liquidating assets on an as-needed basis.
Develop an appropriate long-term care insurance plan for Betty based on needs, financial resources, policy coverage, and cost.
Write a 350- to 700-word analysis of the scenario, including the long-term care insurance plan you developed for Betty.
Scenario 2: COBRA Insurance Coverage
Bob Smalls is 63-year-old who lost his job due to a corporate restructuring, and his employer has told him he is COBRA eligible. Bob has no liquid savings, and is in poor health.
Consider alternatives for acquiring health coverage, including COBRA, Affordable Care Act, and Medicaid.
Write a 350- to 700-word analysis of the scenario, including an explanation of alternatives for acquiring health coverage, including COBRA, Affordable Care Act, and Medicaid.
Click the Assignment Files tab to submit your assignment as a Microsoft® Word document.
Note. Grades are awarded based upon individual contributions to the Learning Team assignment. Each Learning Team member receives a grade based upon his/her contributions to the team assignment. Not all students may receive the same grade for the team assignment.
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