Let us create a 3D eBook for you!
Let us create a 3d Digital eBook for you! DigyCat.com

I Have Diabetes or Another Chronic Condition - Should I Use an HSA?


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


MORE RESOURCES:

Diabetes - Google News

This RSS feed URL is deprecated

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

JDRF One Walk Raises More Than $1.5M for Type 1 Diabetes Research - KSTP.com


KSTP.com

JDRF One Walk Raises More Than $1.5M for Type 1 Diabetes Research
KSTP.com
More than 20,000 people joined in on the JDRF One Walk at Mall of America on Saturday in the fight against type 1 diabetes. Organizers announced they raised more than $1.5 million this year. Advertisement. RELATED: Son Makes JDRF Walk Personal for KSTP ...

Second Annual EPIC Diabetes Conference In Denver - CBS Denver


CBS Denver

Second Annual EPIC Diabetes Conference In Denver
CBS Denver
DENVER (CBS4) – The Barbara Davis Center and the Children's Diabetes Foundation will be hosting the 2 nd annual EPIC Diabetes Conference in Denver. The event brings together doctors and diabetes specialists so people can learn more about improving their ...

Healthy aging group offers free diabetes class - Altus Times


Healthy aging group offers free diabetes class
Altus Times
Staff Report Want to know how to control your diabetes through meal planning and how diabetes affects your body? A group of local organizations plan to provide a free class that answers those questions as well as how to monitor changes and how physical ...

Diabetes Awareness Day - WNDU-TV


Diabetes Awareness Day
WNDU-TV
More than 422 million people have diabetes. That is almost four times the number in 1980. The alarming increase in type 1 and type 2 diabetes can be mitigated by proper management of this chronic disease. But, first, diabetes must be diagnosed. Many ...

Annual foot screening could help spot heart irregularities in people with diabetes - News-Medical.net


News-Medical.net

Annual foot screening could help spot heart irregularities in people with diabetes
News-Medical.net
Patients with diabetes have a much greater risk of developing problems with their feet which is why we want to stress the importance of their annual foot check. With podiatry staff already taking pulses in patients' feet they are well placed to help ...

Younger age at diabetes diagnosis is linked to higher risk of death from heart disease and stroke, yet lower risk of ... - Science Daily


Diabetes In Control

Younger age at diabetes diagnosis is linked to higher risk of death from heart disease and stroke, yet lower risk of ...
Science Daily
While type 2 diabetes (T2D) was once considered a disease largely confined to older people, the global epidemic of obesity and overweight has seen diagnoses rocket in young adults, adolescents and even appear in young children. New research published ...
Type 2 Diabetes Can Begin 20 Years Prior to Diagnosis Diabetes In Control

all 3 news articles »

Early Type 2 Diabetes Diagnosis Bad for Your Heart - WebMD


American Council on Science and Health

Early Type 2 Diabetes Diagnosis Bad for Your Heart
WebMD
FRIDAY, Feb. 23, 2018 (HealthDay News) -- A type 2 diabetes diagnosis that comes early in life carries a deadly load of health risks, new research shows. It was associated with a 60 percent higher relative risk of dying from heart disease or stroke ...
The Long Term Impact of Diabetes American Council on Science and Health
Younger Type 2 Diabetes Patients More At Risk Of Heart Disease, Stroke Medical Daily
Type 2 diabetes diagnosis early in life is a bad sign for the heart UPI.com
The New Daily
all 9 news articles »

Notes from the Chief: Federal diabetes program for Indians is saving lives in Cherokee Nation - Muskogee Daily Phoenix


Notes from the Chief: Federal diabetes program for Indians is saving lives in Cherokee Nation
Muskogee Daily Phoenix
The recent federal budget extension includes funding for the reauthorization of the Special Diabetes Program for Indians. This is significant for the Cherokee Nation and all of Indian Country. The budget for SDPI has been renewed at the current funding ...

and more »

A popular meal planning service is going beyond nutrition and into disease prevention - CNBC


CNBC

A popular meal planning service is going beyond nutrition and into disease prevention
CNBC
A San Francisco start-up is combining food and technology to prevent diabetes. PlateJoy, a personalized meal-planning company, is introducing an offering called PlateJoy Health: Diabetes Prevention. The company's current platform gives people recipes ...

and more »

LargeFriends.com - the best dating site for plus-sized singles!
SuccessfulMatchCentral.com - the best dating site for plus-sized singles!

PreLaunchX

DietRight.biz Domain Is For Sale - $8,500 For Enquiries eMail Us

© www.DietRight.biz 2012

home | site map | links