I Have Diabetes or Another Chronic Condition
Health Savings Accounts (HSAs) are becoming quite popular for people who are generally healthy. But what about sick people? What about people who have chronic conditions like diabetes, multiple sclerosis or the like? Does an HSA make sense for them?
The short answer is yes.
One of my clients is a diabetic. She is very careful about what she eats and she takes her insulin regularly. She has a tremendous amount of energy and a great outlook on life. She's in her late fifties.
She asked me about the high-deductible health insurance policy and the HSA in my book. We began to work the numbers together.
With a high-deductible plan, she would definitely be paying out-of-pocket for insulin and other supplies every month, to the tune of over eighty dollars. But, on the other hand, she would save $250 on a reduced premium payment.
Once we did the calculation, she and I realized that it made perfect sense for her to switch to a high-deductible policy and use an HSA. Even after paying for her diabetic supplies, she was saving $170 every month, which amounted to $2,040 a year.
What could you do with $2,040 a year, given to you just for changing your insurance policy?
I can think of lots of uses. My client has also thought of lots of uses for that money, believe me! (I think she's saving it for a nest egg.)
Now, whenever she sees me, she points and says "You're the guy who saved me $250 a month!" That's a great feeling.
If you have a chronic condition that requires pharmaceutical drugs or medical supplies or on-going doctor visits, please do this calculation for yourself. Compare the amount that you'd be paying out-of-pocket to the amount of money you'll save with a lowered premium payment each month. You might be pleasantly surprised!
And, of course, if you have a relapse or a catastrophic health event, your insurance policy will kick in once you hit the deductible, and you'll enjoy full coverage after that.
Health Savings Acccounts (HSAs) are a wonderful tool to help you reduce your health insurance costs. They are a perfect fit for the self-employed and the small business. And they are available today! Talk to your insurance agent, bank or financial advisor for more details. Who knows? You might have an extra $250 or more coming into your household next month!
Daryl Kulak is the author of the book "Health Insurance Off the Grid - A Wonderful Way to Use Alternative Medicine and Save Money on Insurance Using the New Health Savings Account (HSA)." The book provides a nine-step plan to get your self-employed or small business health insurance costs under control using a unique approach you won't find anywhere else. The book is available for sale as an e-Book or paperback at the Website http://www.healthoffthegrid.com
Latest News
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Health Tip: If You Were Diabetic While Pregnant Washington Post, United States - (HealthDay News) -- Many women who develop gestational diabetes during pregnancy will go on to develop type 2 diabetes later in life. ... |
VIVUS to Host R&D Day Event and Live Webcast December 12, 2008 MarketWatch - Leland Wilson, president and chief executive officer of VIVUS, along with other members of the VIVUS management team and leading obesity, diabetes and ... |
Healthnostics Reports 40% Revenue Growth Rate in GMD MarketWatch - Global Medical Direct is a nationwide Durable Medical Equipment provider specializing in direct to consumer diabetes supplies. The Company provides diabetes ... |
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Partnership for Peak Healthcare Performance Research Shows ... MarketWatch - The initial focus of the PPHP is on diabetes care. "Engaging consumers is one of the most important and challenging aspects of the Partnership project," ... |
UPDATE 1-Novo confident on profits and liraglutide guardian.co.uk, UK - The launch of the injectable diabetes treatment would be "costly" and the drug would not contribute significantly to growth immediately, but Sorensen said ... Novo Nordisk A/S -- Director/PDMR Shareholding Novo Says Things Could Get Tougher Novo Nordisk A/S -- Director/PDMR Shareholding |
Diabetes Medication: More Harm than Good? Ivanhoe, FL - (Ivanhoe Newswire) -- A medication for diabetics may do more harm than good. Doctors are concerned rosiglitazone may increase older patients’ risk of death ... |
Baylor wants to transform South Dallas rec center into diabetes ... Dallas Morning News, TX - Baylor wants to use the Juanita J. Craft Recreation Center at 4500 Spring Ave. to fight diabetes with an onsite physician and nurse practitioner, ... |
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Resources
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"Access Diabetes, the Vitamin and Mineral Connection, Diabetes type 2, sugar Diabetes, Diabetes
new research links all the common symptoms of adult onset, type 2 sugar Diabetes mellitus to multiple vitamin and mineral deficiencies! Ebook describes known causes of Diabetes and impotence, offers foundational suggestions for medical science and diabeti
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Natural Plant Cures, Natural Cures & Home Herbal Remedies : Gout, Diabetes, Fungal, Reflux, Diarrhea
Learn the facts and secrets other herbalists know to cure themselves fast without the need of expensive drugs.
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Letter
Using the analogy of a game, this eBook reveals the truth about diabetic diets, exercise, prevention and new research.
