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%
