FIN 355 Milestone Two Guidelines and Rubric

Overview: For Milestone Two, you will submit a draft of the health, disability, and long-term care insurance, and social security, Medicare, and Medicaid sections of the insurance plan. There are two parts of Milestone Two. In the first part of Milestone Two (Part A), you meet with your clients John and Jenny Smith to discuss questions they have about health insurance and disability insurance. They want your help in evaluating both their insurance needs and the insurance coverage they already have. The Smiths have also decided they would like to start planning for retirement and would like some information on long-term care insurance. Review the case notes and background of your clients, and address the assigned critical elements regarding health, disability, and long-term care insurance.

In the second part of Milestone Two (Part B), 20 years have passed, and John and Jenny now have some new questions, concerns, and needs regarding Social Security, Medicaid, and Medicare. Review the case notes and background of your clients, and address the assigned critical elements regarding Social Security, Medicare, and Medicaid.

Prompt: Review the case notes and background of your clients, and address the assigned critical elements regarding health, disability, and long-term care insurance.

Specifically, the following critical elements must be addressed:

IV. Health, Disability, and Long-Term Care Insurance (Part A): In this section, you will evaluate the clients’ current health, disability, and long-term care insurance coverage and make appropriate recommendations for their needs. To effectively address the critical elements in this section, you must use the client information in the first scenario.

A. Analyze potential health insurance options for the clients, and recommend a health insurance option that best meets the clients’ needs. Support your recommendation with relevant client information.

B. Discuss the ability of the clients’ disability insurance to meet their coverage needs, making recommendations where appropriate. Support your response with relevant client information.

C. Analyze the clients’ health information and determine at what age the clients should purchase long-term care insurance. Support your determination with relevant client information.

V. Social Security, Medicare, and Medicaid (Part B): In this section, you will analyze the eligibility requirements for and benefits of Social Security, Medicare, and Medicaid and make recommendations to the clients about the age at which they should retire to maximize their retirement benefits. To effectively address the critical elements in this section, you must use the client information in the second scenario.

A. Summarize common eligibility requirements for Social Security, and explain how the clients can maximize their Social Security benefits. B. Differentiate between Medicare and Medicaid, and explain how and why the clients will or will not benefit from the programs. Support your

explanation with relevant client information. C. Recommend a retirement age for each client that will allow them to take full advantage of all retirement benefits. Support your

recommendation with relevant client information.

Part A Rubric Guidelines for Submission: Your draft should adhere to the following formatting requirements: 3–4 pages, double-spaced, using 12-point Times New Roman font, one-inch margins, and APA format.

Critical Elements Proficient (100%) Needs Improvement (75%) Not Evident (0%) Value Health, Disability, and

Long-Term Care Insurance: Potential Health Insurance

Options

Analyzes potential health insurance options for the clients, recommending a health insurance option that best meet the clients’ needs, and supports recommendation with relevant client information

Analyzes potential health insurance options for the clients, recommending a health insurance option to the clients, but analysis is cursory or contains inaccuracies, or recommended insurance option is not appropriate, or supporting client information is irrelevant or nonexistent

Does not analyze potential health insurance options for the clients, recommending a health insurance option to the clients

30

Health, Disability, and Long-Term Care Insurance:

Disability Insurance

Discusses the ability of the clients’ disability insurance to meet their coverage needs, making recommendations where appropriate, and supports response with relevant client information

Discusses the ability of the clients’ disability insurance to meet their coverage needs, making recommendations where appropriate, but response is cursory or illogical or contains inaccuracies, or supporting client information is irrelevant or nonexistent

Does not discuss the ability of the clients’ disability insurance to meet their coverage needs, making recommendations where appropriate

30

Health, Disability, and Long-Term Care Insurance: Long-Term Care Insurance

Analyzes the clients’ health information, determining at what age the clients should purchase long-term care insurance, and supports determination with relevant client information

Analyzes the clients’ health information, determining at what age the clients should purchase long-term care insurance, but response is cursory or illogical or contains inaccuracies, or supporting client information is irrelevant or nonexistent

Does not analyze the clients’ health information, determining at what age the clients should purchase long-term care insurance

30

Articulation of Response Submission has no major errors related to citations, grammar, spelling, syntax, or organization

Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas

Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas

10

Total 100%

Part B Rubric Guidelines for Submission: Your draft should adhere to the following formatting requirements: 3–4 pages, double-spaced, using 12-point Times New Roman font, one-inch margins, and APA format.

Critical Elements Proficient (100%) Needs Improvement (75%) Not Evident (0%) Value Social Security, Medicare, and Medicaid: Common Eligibility Requirements

Summarizes common eligibility requirements for Social Security and explains how the clients can maximize their Social Security benefits

Summarizes common eligibility requirements for Social Security and explains how the clients can maximize their Social Security benefits, but response is cursory or illogical or contains inaccuracies

Does not summarize common eligibility requirements for Social Security and explain how the clients can maximize their Social Security benefits

30

Social Security, Medicare, and Medicaid: Medicare

and Medicaid

Differentiates between Medicare and Medicaid, explaining how and why the clients will or will not benefit from the programs, and supports explanation with relevant client information

Differentiates between Medicare and Medicaid, explaining how and why the clients will or will not benefit from the programs, but response is cursory or illogical or contains inaccuracies, or supporting client information is irrelevant or nonexistent

Does not differentiate between Medicare and Medicaid, explaining how and why the clients will or will not benefit from the programs

30

Social Security, Medicare, and Medicaid: Retirement

Age

Recommends a retirement age for each client that will allow them to take full advantage of all retirement benefits, and supports recommendation with relevant client information

Recommends a retirement age for each client that will allow them to take advantage of retirement benefits, but recommendation is illogical or does not allow clients to take full advantage of all benefits, or supporting client information is irrelevant or nonexistent

Does not recommend a retirement age for each client that will allow them to take advantage of retirement benefits

30

Articulation of Response Submission has no major errors related to citations, grammar, spelling, syntax, or organization

Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas

Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas

10

Total 100%