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1.03 Lifestyle Money Changes Health Laws

Explore how lifestyle changes affect money management, navigate relevant laws and agencies, and understand the impact of health on finances.

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1.03 Lifestyle Money Changes Health Laws

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  1. 1.03 Lifestyle Money Changes Health Laws

  2. Understand Lifestyle Components • Personal • Leisure • Community responsibilities • Learner • Family • Parenting/caretaker • Home/vehicle maintenance • Transportation • Financial planning • Preparation/planning of meals, clothing and healthcare • Work • Work hours/location • Education/Life long learner • Travel • Taking work home • Working at home

  3. Where does all the money go? • Community • Clubs/membership dues • Neighborhood • Taxes • Family • Childcare • Housing • Healthcare/insurance • Food • Clothing • Recreation • Maintenance (house and vehicle) • Utilities • Savings • Work • Education cost • Clothing • Transportation • Union dues

  4. 4 Types of Changes • Planned (predictable) • Unplanned (unpredictable) • Voluntary • Involuntary

  5. Life Changes with Family • Marriage • Birth or adoption • Family members in need of financial assistance • Aging parents in need of care • Death of spouse/family member • Receipt of inheritance • Separation or divorce • Boomerang child

  6. Life Changes with Occupation • Starting a new career • Changing jobs • Starting your own business • Becoming unemployed/laid off • Being promoted/demoted • Life long learning • transfer

  7. Life Changes with Health • Becoming disabled • Growing older • Chronic/terminal illness • Fitness/diet plan • Smoking/alcohol use

  8. Why do people work? • Earn money/income • Interact with other who have similar interests • Achieve self fulfillment • Establish prestige/lifestyle • Contribute physical and mental health • Establish an average self expression

  9. Laws/Agencies • Family Medical Leave Act (FMLA) • 16 weeks, protects males/females • Equal Employment Opportunity Commission (EEOC) • Enforces laws to prevent unfair treatment • Medicare • Over age 65, health insurance • Medicaid • Health insurance, in a financial need • Worker’s Compensation • Guarantees financial assistance if hurt at work • Unemployment Insurance • State/federal program, pays benefits to you if laid off

  10. Laws/Agencies • Rehabilitation Act of 1973 • 1st legislation to prohibit discrimination against people with disabilities • Consolidated Omnibus Budget Reconciliation Act (COBRA) • Gives employees have ability to continue health insurance coverage after leaving employment • Age Discrimination Act of 1992 • prohibit discrimination against aged 40-70 • Americans with Disabilities Act • Gives civil rights protection to those provided on the basis of race, religion, sex, age (EEOC administers these laws) • Occupational Safety and Health Act (OSHA) • Ensures safe working conditions for labor force • Vocational Rehabilitation Services • Free to those that meet the eligibility guidelines • Fair Labor Standards Act • Set minimum wages, requires over time pay, restricts employment of minors

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