In "Protecting Your Health and Wealth: A Comprehensive Guide to Multi-Generational Medical Planning," author Amy Rose Herrick explores the far-reaching effects of medical crises on families and offers practical solutions for safeguarding family assets. Drawing from firsthand experiences and real-life examples, Herrick emphasizes the need for proactive planning and provides accessible guidance.The book covers crucial topics. Chapter One highlights how medical events become a family problem, impacting not only individuals, but also emotionally, physically, and financially affecting up to three generations of a family. Herrick underscores the importance of planning to mitigate stressors associated with such events.Chapter Two presents "Seven Steps to Take to Protect Your Family Assets," providing a comprehensive roadmap for financial stability during medical emergencies. From understanding health plans to exploring critical illness insurance and long-term care options, readers gain valuable insights into safeguarding their financial well-being.Chapter Three delves into insurance products, including disability income replacement, long-term care, critical illness coverage, air ambulance, dental, vision care, and limitations of Medicare abroad.
This chapter serves as a valuable resource for understanding the range of insurance options available.Chapter Four explores Health Care Sharing Ministries as alternatives to traditional health insurance, detailing the approaches and benefits of specific ministries like Altrua HealthShare, ChristianCare, and Samaritan Ministries.Chapter Five addresses the importance of essential documents such as powers of attorney, living wills, updated wills, and trust documents. These documents ensure that wishes are carried out and assets are protected during medical crises.Special considerations for physically and developmentally disabled family members are covered in Chapter Six, while Chapter Seven provides an overview of clinical trials. The conclusion emphasizes the urgency of acting now and implementing the knowledge gained from the book to protect one's health and wealth.Throughout the book, Herrick maintains an accessible tone, avoiding technical jargon, and providing a wealth of resources and checklists. "Protecting Your Health and Wealth" is an invaluable resource for families and business owners, empowering them to make informed decisions and face future medical crises with confidence.