Insurance and Risk Management
Insurance markets are often seen as intimidating and complex, yet nearly all Georgians must navigate these markets to insure themselves and their property. For example, public and private medical insurance and the associated costs of medical care are straining individuals' and families' budgets and contributing to concerns about economic well-being. There is considerable confusion among retirees who must piece together public and private insurance policies to cover their medical needs. With this in mind, Cooperative Extension has the opportunity to educate Georgians about insurance tools that can help them navigate the complexities of insurance markets and protect their hard-earned assets and physical health.
Programs
Insurance: Necessity or Nuisance?
If you need a particular type of insurance, it is better to have it even if you never use it. The hard part is
determining what insurance you need and what insurance you are better off without. It may not be wise to purchase
insurance to cover all of the risks you face. Unless you fully understand insurance, you may be wasting money on
insurance products you don't need. The "Insurance: Necessity or Nuisance?" program provides information that can help
you determine how to handle risks and when to purchase insurance.
The Insurance Game
The Insurance Game is a PowerPoint Jeopardy game that teaches insurance terminology and concepts and provides in-depth knowledge of health, disability and long-term care,
life, property, and liability, and other supplemental insurance such as dread disease, gap, and private mortgage insurance. In addition to
the Jeopardy slides, additional PowerPoint slides are provided for each category.
My Medicare Matters
FACS Cooperative Extension is now partnering with My Medicare Matters™, the community-based initiative that provides education and outreach about Medicare Part D prescription drug benefit. Agents can help people make the Medicare D coverage decision that will best meet their individual needs, as well as help determine whether they might qualify for other prescription drug benefits.
Related Links
Educational Resources
Saving and Investing
The U.S. personal savings rate has declined over the past quarter century and now sits at a historically low level. Individuals and families need positive inducements to reverse the trend from a consumption-orientation to a savings-orientation, especially as America is preparing for the largest number and percentage of retirees in our history. Numerous new policies and changes to tax law have been devised to encourage Americans to increase both short and long-term savings. However, these changes often are confusing to the general public. Through clear, simple and motivational materials, Cooperative Extension seeks to encourage a culture of saving and investing in Georgia.
Programs
Before You Invest
It is important to be adequately prepared before you begin to invest. If you are not, you may get frustrated when you try or worse, must sell investments to cover routine expenses. The "Before You Invest" program provides you with steps you should take before you begin your investment program, so you can get the most from your investment dollars.
The Investment Game
The Investment Game is a PowerPoint Jeopardy game that teaches investment terminology and concepts and provides in-depth
knowledge of stocks, bonds, mutual funds, and investing for emergencies, education and retirement. In addition to the jeopardy slides, additional PowerPoint
slides are provided for each category.
Related Links
Educational Resources
Staff
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Financial Planning
