It would seem that you can plan and predict when it comes to such an unpredictable (but such important) thing as health? Globally, we cannot be immune to everything, and the reality is that our health can change in a matter of seconds.
But, if in principle you are used to planning your finances, then health care should also be included in the list of priorities. Therefore, we will not think about the bad, but rather tell you how to plan the basic costs of health care so that no circumstances could make a noticeable hole in your budget.
Determine What Your Insurance Covers
Insurance is a separate topic for the article, but fortunately, this document gives you the right to get at least a little help when it comes to your health. Therefore, return to the terms of your insurance contract and determine in which cases you can receive treatment free of charge, how long it can last, and whether you will receive compensation from the employer if your treatment lasts longer than expected.
A number of diseases to which we are unfortunately susceptible are seasonal. These are viral and catarrhal diseases that we steadily catch from mid-autumn to mid-spring. And unfortunately, there is no universal protection against them either – sometimes the usual trip to the store is enough to catch the virus.
Of course, it still depends on the strength of your immunity – someone can catch a cold once every six months, and be cured by lemon and healing herbs, and for some, autumn and winter mean endless runny nose and cough.
Therefore, when you plan your budget for health, take this factor into account. Remember the last few years and determine on average how often you have seasonal illnesses. Of course, it is impossible to make the most accurate predictions – try to find at least an average value. Now you need to determine the cost of drugs needed for treatment and provide for this amount in advance.
Plus, changing seasons can also affect your blood pressure. If you are prone to these factors, then you also need to provide for the cost of supporting drugs.
Add the Cost of Your Chronic Illness Treatment
If you do not have chronic diseases, then we can only congratulate you and wish to continue to remain in good health. But if you have them, it means that you constantly need to monitor your health and take medicine. Most likely, you know what amount you need per week or month – you only need to make the necessary calculations and write the total amount in your budget.
Predict Expenses in Case You Know for Sure That Your Health Status May Change
Fortunately, our health is unpredictable only until the moment when nothing depends on us. But there are such changes in our state that directly depend on our actions. For example, if you are planning a pregnancy, then this, of course, will have a direct effect on your health – you will need supporting vitamins, tests, and examinations. Pregnancy is also a rather unpredictable condition, but it is quite possible to plan at least the basic expenses that you will definitely encounter.
Plus, if you plan to have an operation, for example, to reduce the stomach or breast lift, then it is also impossible to do without financial planning. And here you need to take into account not only the cost of the operation itself, but also the costs of supporting medications, being in the clinic, and a temporary loss of working capacity.
Develop a Budget for Preplanned Health Monitoring
Doctors are unanimous that it is necessary to do full-fledged health examinations once a year. Plus, if you are prone to chronic diseases, then you need to do monitoring of your key vital signs a little more often – once a season. Be sure to consider these costs when planning your budget. Most likely, you can do some kind of medical examinations as part of your insurance policy, but most likely, this will not be enough to get a holistic picture of your health condition.
Therefore, consult your doctor and ask him to help you make a list of examinations that are planned for annual health monitoring, and ask to help you find out the approximate cost of each. Since we are talking about an annual medical examination, most likely it will be wise to save a small amount every month, so that later you do not have to immediately look for and pay a large amount of money.
Always Have a Reserve Fund
This is a classic of financial planning – you should always have an insuring reserve, the so-called emergency airbag. Now that you have reached this point, you most likely already understand how much you need to take care of your health for a month. Add another 20 percent of this amount to the reserve fund. If at the end of the month you did not need this money, postpone it for the next month. We, in turn, wish you that such unforeseen situations never occur, and you just have the opportunity to save money, and then spend it for your pleasure.
If an Unforeseen Situation Occurs
Unfortunately, our life is charming in its unpredictability. And situations, where neither insurance nor budget planning has helped, can also happen. However, this is not a reason to put an end to your health, because it is almost our only resource that cannot be replenished.
Mónica Rodríguez is a writer, art historian, and editor at LendGenius. She specializes in Art History, Art Conservation, History, Literature, Finance, Tech, Wellness, and Travel. In her free time, she’s usually roaming the halls of the museum or the local bookstore surrounded by stacks of books.