EP-126 HEALTH CARE and WEALTH MANAGEMENT with JOHN SAMUELS

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We are all familiar with the labyrinth of the healthcare system: The paperwork, the confusion and the cost can be overwhelming. One of the blind spots in wealth management at all levels is the advice for the most significant liability most families will face: healthcare.

I spoke to JOHN SAMUELS, founder of Better Health Advisors, to get smarter on the topic of how to better advise people around this thorny issue.

For more than 20 years, JOHN served as a senior healthcare leader in top New York City hospitals, including Northwell Health and Mount Sinai Beth Israel.

In 2016, John founded Better Health Advisors, an independent healthcare advisory firm, to share the expertise he developed as a healthcare insider with members of the public.

He brings a unique viewpoint on the intersection between healthcare and wealth planning.

After listening, I hope you better understand the landscape around helping families deal with this imprecise, paperwork heavy, massively expensive and emotionally taxing issue.

OUTLINE

Talk about your background in emergency medicine and how that led to the founding of your company
Why do you consider a person’s health their greatest asset?
Why is health management as important as wealth management
Do wealthy people usually get better healthcare?
What do you wish more people understood about the intersection of health and wealth?
What are the biggest mistakes you see people make related to health care?
In the United States, a healthcare crisis often comes with a big bill. What steps do you recommend people take to protect their wealth before an emergency arises?
How is health insurance related to financial planning?
Having health insurance options once you’ve sold or left a company in a W2 environment
Bridging the gap to Medicare
Elder Care (and my rule of thumb of 1 Tuition / parent / year as a way to flesh out costs)
Managing (or outsourcing) the paperwork
Finding the right instiutions and the right people in the institutions to get the correct care
What is the definition of “concierge medicine”
How do you manage HIPAA and privacy concerns?
How does one build a team of advisors to deal with the legal and financial impacts around these issues?
The importance of having a centralized repository for one’s medical information.