Money & Your Health

Health and money are two of the most common concerns on most people’s minds but they fail to associate the correlation between the two. While you might not think that health and money are directly related, you couldn’t be further from the truth. Your health affects not only your ability to make money – after all, you cannot work when you are sick or disabled – but it also affects important factors such as your insurance premiums.

health care costsHow Health and Money are related

Keeping yourself in good shape by eating healthy, exercising regularly and avoiding bad habits such as drinking, smoking and drug use can help you save money in the long run. Here are the top ways you can save money all by remaining in good health.

  • Fewer Visits to the Doctor – When you are healthy, you do not have to go to the doctor as often, which can not only save you money on your co-pays but it also negates the need for prescriptions, expensive medical supplies and/or treatments.
  • Lower Insurance Premium – if you have unhealthy habits – namely smoking – you will find that your insurance premium is higher than someone who does not smoke. This is because you are more likely to become ill or experience a decrease in your health if you are a smoker. Quitting smoking not only puts more money in your pocket in terms of not purchasing cigarettes – which have become quite costly – but it will also result in a decreased insurance premium making it a win-win solution.
  • Better Life Insurance Terms – Life insurance premiums are based on your average life expectancy. If you are obese or you smoke, you will find that your terms will be much shorter, and thus your premiums will be higher. Make the effort to be more conscious of what you eat, commit yourself to exercise in order to lose the weight and you will see your life insurance premium decrease. Most beneficial of all, you will not be struggling to get around, breathe or live life to its fullest.

Even if you are a smoker, or you are overweight now, you can still make the effort to turn your life around. Making the commitment to be healthier can also help line your pockets and save you money in the long run.

Andy Marshall is a professional writer whose work appears on numerous blogs and websites.  His writing focuses on subjects related to health, insurance, and the cost of medicine for health blogs as well as financial and accounting sites like veriticonsulting.com.

 

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2 Comments

  1. Stephanie says:

    You know, it’s kind of ironic that when people think about quitting smoking or starting a weight loss program or gym membership “I can’t afford it” is the biggest excuse for not doing it. Yet, if you spent your cigarette money on say, the patch or some kind of nicotine reduction product, you would be spending about the same as for cigarettes for the first little while. As you ween yourself off, you spend less and less until eventually all your cigarette money is in your pocket. Plus, all the insurance premiums and lower health care and doctor bills like you mentioned. Really, how can anyone afford to keep up with unhealthy lifestyles anymore?

  2. Michael N says:

    Living healthy has a ripple effect that really does circle out into so many directions. Maintaining a healthy lifestyle also gives you better concentration and makes it easier to manage high pressure situations at work or at home. The foods we eat can really change how we interact with others and our health has a big impact on our work performance, which in turn translates into better jobs or promotions. It’s not a coincidence that so many CEO’s appear fit and healthy.

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