Course Overview:
This intensive five-day course provided by IRES offers a comprehensive exploration of healthcare and long-term care planning, tailored for retirement. The course is designed to equip participants with essential knowledge and practical tools for addressing healthcare needs and managing long-term care in retirement. By combining theoretical insights with hands-on exercises and real-life case studies, participants will learn how to develop effective plans to ensure financial stability and quality care in retirement.
Course Duration:
5 Days
Target Audience:
- Financial advisors and planners
- Retirement specialists
- Healthcare and insurance professionals
- Accountants and tax professionals
- Individuals nearing retirement or already retired
Personal Impact:
- Gain a thorough understanding of healthcare and long-term care planning in retirement.
- Learn strategies to manage healthcare costs and long-term care needs effectively.
- Develop skills to evaluate and select appropriate insurance products and care options.
- Build confidence in creating and implementing a comprehensive healthcare and long-term care plan.
Organizational Impact:
- Enhanced expertise in healthcare and long-term care planning within the organization.
- Improved ability to provide clients with comprehensive and strategic care planning advice.
- Increased competency in managing and addressing healthcare-related financial issues.
- Better preparedness for handling complex care planning scenarios and compliance requirements.
Course Level:
Course Objectives:
- Understand the key concepts and challenges of healthcare and long-term care planning.
- Explore various healthcare insurance options and their suitability for retirement.
- Learn strategies for managing long-term care needs and associated costs.
- Develop skills to create and implement a comprehensive healthcare and long-term care plan.
- Apply knowledge to real-world scenarios and case studies.
Course Outline:
Module 1
- Overview of healthcare needs and costs in retirement
- Key terminology and concepts (e.g., Medicare, Medicaid, private insurance)
- Evaluating personal and family healthcare needs
- Case Study: Healthcare Needs Assessment – Analyze a sample retiree's healthcare needs and develop a preliminary healthcare plan.
Module 2
- Understanding Medicare coverage and options
- Medicaid eligibility and benefits
- Supplemental insurance (Medigap) and other health insurance options
- Case Study: Medicare and Supplemental Insurance Planning – Create a plan for a hypothetical retiree to optimize Medicare coverage and supplemental insurance options.
Module 3
- Long-term care insurance products and options
- Evaluating the cost and benefits of long-term care insurance
- Strategies for self-funding long-term care and other funding options
- Case Study: Long-Term Care Insurance Strategy – Develop a long-term care insurance strategy for a retiree, including options for coverage and cost management.
Module 4
- Planning for long-term care needs (e.g., in-home care, assisted living, nursing homes)
- Legal and financial considerations for long-term care planning
- Integrating long-term care planning with overall retirement and estate planning
- Case Study: Long-Term Care Plan Development – Design a comprehensive long-term care plan for a client, including care options and financial considerations.
Module 5
- Strategies for managing and adjusting healthcare and long-term care plans over time
- Regular reviews and updates based on changing needs and health conditions
- Addressing common challenges and misconceptions in healthcare and long-term care planning
- Case Study: Comprehensive Healthcare and Long-Term Care Plan – Develop a complete healthcare and long-term care plan for a client, including recommendations for ongoing management and adjustments.
Related Courses
Course Administration Details:
METHODOLOGY
The instructor-led trainings are delivered using a blended learning approach and comprise presentations, guided sessions of practical exercise, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience, working as professionals and trainers in these fields. All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.
ACCREDITATION
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
TRAINING VENUE
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
ACCOMMODATION AND AIRPORT PICKUP
Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer.
- Email: [email protected]
- Phone: +254715 077 817
TAILOR-MADE
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
- Email: [email protected]
- Phone: +254715 077 817
PAYMENT
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
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