Saving Money While Living a Healthy Lifestyle

Image via Pexels

Karen Weeks does it again with another excellent article, this time tackling the subject of saving money while staying on track with healthy foods. Please be sure to check her out at Elderwellness.net

It’s important to think about how we can manage our spending and save money on healthy food and lifestyle as well. There are many ways we can cut down on the cost of eating healthy, from switching to a more affordable brand of canned food to making more nutritious meals at home.

Eat at Home

There’s no question that eating at home is a more affordable option than eating out. The convenience of being able to prepare and store a large portion of your food at home is one big benefit. 

You’re also likely to find a cheaper price on ingredients. You’ll also have more control over what you’re eating. Not only can you choose exactly what you want to eat, but you can also control portion sizes and food quality. 

Make Meal Prep a Priority

Many people think of meal planning as a way to save money. It is, but it’s also a lifestyle change that helps you save money on healthy food and lifestyle. Meal planning is a great way to cut down on the cost of healthy food

Plan Meals in Advance

Planning your meals in advance is a great way to reduce the cost of healthy food. It allows you to make certain meals at a certain time of the week that cost less. Planning in advance also helps you create healthy habits by making healthy eating a routine

Enjoy Lower Health Insurance Premiums

Health insurance premiums have risen significantly over the last decade. As people become more aware of the value of a healthy lifestyle, they are looking for ways to improve their health and lower their premiums

Healthy lifestyle habits, including eating a healthy diet and getting regular physical activity, can make a huge difference in your health. By leading a healthy lifestyle, you can help reduce your chances of developing health conditions, such as heart disease and cancer.

Take Advantage of Employee Wellness Programs

Healthy lifestyle habits can help you lower your healthcare costs and take advantage of employee wellness programs. Some companies offer wellness programs that encourage employees to adopt healthy habits, such as eating a healthy diet and getting regular exercise. 

How to Monetize Your Healthy Lifestyle

Healthy lifestyle habits can help you lower your healthcare costs and take advantage of employee wellness programs. In addition to the benefits of a healthy lifestyle, you can also monetize your healthy lifestyle. 

Start a Health Blog

Healthy lifestyle habits can help you monetize your healthy lifestyle. Many people are interested in healthy lifestyle blogs. This is especially true of younger people who are looking for ways to improve their health. 

If you have decided to start a health blog, you can monetize it quickly and easily. All you have to do is create a free WordPress website, add a blog feed, and start blogging. You can also monetize your health blog with an affiliate program. 

Open a Store Selling Sports Gear

Healthy lifestyle habits can help you monetize your healthy lifestyle and take advantage of employee wellness programs. If you are interested in starting a business that sells sports gear, healthy lifestyle habits can help you monetize your healthy lifestyle and make a profit.

In starting your own business, be sure to use a logo maker to create an attractive and attention-grabbing branded logo for your products. Creating an eye-catching logo for your brand is simple if you take advantage of a free logo design tool. The right tool offers great templates that you can then customize to make sure it beautifully represents your brand.

Is Technology the Key to Healthy Senior Living?

Image courtesy of Unsplash

By Karen Weeks

Please check out Elderwellness.net and contact her via karen@elderwellness.net

According to MarketWatch, there are over 47 million seniors in the United States, comprising approximately 14.9% of the U.S. population. Unfortunately, the majority of these people have at least one chronic health condition. On the upside, advances in technology have made it easier to manage these conditions and connect seniors with helpful resources and make sure they have access to broadband internet. Here, Dr. Stacey Naito’s Blog describes some of the latest products, gadgets, and apps that can make staying healthy easier as you grow older. 

Convenient apps can remind you to take your pills

At any age, it can be difficult to remember to take medication. This is particularly true if you have more than one prescription that you take daily. If you have trouble remembering to take your medicine, you might want to consider a medication reminder like Medisafe Medication Management.

This is a free app available for both Apple and Android, and while it can jog your memory to take your pills on time, the app also does more than that. Medisafe checks for drug interactions, connects you with coupons and even reminds you when it’s time to request a refill. 

Fitness trackers motivate you to move

Fitness trackers like FitBit and Garmin Venu are nothing new. The first Fitbit was released in 2009. At the time it was barely more than a steps tracker, but they have come a long way since then. Today, in addition to counting your steps, most fitness trackers and smartwatches detect your heartbeat, track your sleep, record your weight, and help you set health-related goals. These tools are a great way to not only make sure you stay active but also monitor changes in your health. 

Fall detectors give you peace of mind

As you age, your risk of developing osteoporosis increases. In fact, the National Osteoporosis Foundation explains 54 million Americans have low bone density or osteoporosis. Osteoporosis increases the risk of broken bones which can easily lead to a fall. Falls are serious and can lead to even more serious injuries. Falls are a serious threat to anyone, and sometimes seniors can suffer from balance issues. It’s easy to see how this can become the perfect storm for an older adult.

For those who are at risk, technology has answers in the way of fall detectors. For instance, the Lifeline fall detector can detect a fall and connect you to a central communication center. If they determine you need assistance they can call for help.

There are many other devices that can help in the event of a fall. In fact, the latest version of the Apple Watch comes equipped with fall detection. In the event of a fall, the watch will call for help and send a message with your location to your emergency contacts. 

Use online tools to book a getaway

There’s nothing quite like getting away for a short vacation or staycation to get a change of scenery. Better yet, booking a quick getaway in a vacation rental offers benefits like free wi-fi and having a fully equipped kitchen so you can cook healthy meals. Many rentals also have home gyms so you can get in a workout or two during your stay. Using a service like TurnKey is a premium choice, as you get your pick of distinctive homes, 24/7 on-call service, and other perks.

Online access to insurance helps you get the care you need

Each year, the open enrollment window for Medicare is October 15 to December 7. During this time you can choose the plan that’s right for you. The best way to get started is to visit medicare.gov. Here you can find information on how to sign up and examine your available options.

Since plans like Medicare Advantage offer things like dental and vision care, many seniors find they save money on out-of-pocket expenses by making changes in coverage. With that in mind, do some exploring to make sure you’re getting the best bang for your buck.

Your health is important, but staying on top of it doesn’t have to be complicated. With technology, it’s easy to track your health and stay active. And the best part is, many of these services are easy to use and inexpensive or free. 

Dr. Stacey Naito’s Blog is home to a wide range of lifestyle and health topics (and more!). Read more interesting articles today!

Understanding The Costs Of Diabetes Treatment And Planning For The Future

Original post can be found at:
https://www.thesimpledollar.com/understanding-the-costs-of-diabetes-treatment-and-planning-for-the-future/


by DeVonne Goode
Updated on 06.05.18

Diabetes is a prevalent disease. However, it can still take many by surprise, and leave them struggling to pay medical bills.
With the complexities of the condition and the wide range of costs involved with treatment, having a financing plan is necessary. Health insurance is obviously one of the primary methods of assistance. But not everyone has the adequate coverage to cover
the costs – let alone the out-of-pocket cash to put on the counter every time out.

Opening a savings account, particularly one with high interest, could be a worthwhile investment toward consistently managing the disease today and into the future.

Diabetes at a glance
Type 1 Diabetes

A condition that keeps the body from producing enough insulin. Insulin shots are used to control blood glucose levels. Most diagnosis occur among children and young adults, which is why it is also referred to as juvenile diabetes.

Type 2 Diabetes

The most common form of the condition where the body doesn’t properly use insulin to convert sugar, starches and other food into energy.

Gestational Diabetes

Occurs when women experience high blood glucose levels during pregnancy. It’s usually easily managed and goes away after pregnancy.
Prediabetes

When blood glucose levels are higher than normal, but not high enough to be diagnosed as Type 2 diabetes. A large number of Americans are living with prediabetes (1 out of 3 adults). But taking early action to manage glucose levels can prevent diabetes from forming.

People who have diabetes are at higher risk of developing the following health conditions:
Blindness
Heart disease
Stroke
Kidney failure
Blindness
Loss of lower appendages (toes, feet, or legs)

Keep in mind – these conditions occur in the case of severe complications with the disease. With consistent attention to diet and other medical treatments (like most living with type 1 or type 2 diabetes undergo), these conditions are avoidable.
Diabetes by the numbers

According to a recent report from the Centers for Disease Control and Prevention (CDC), more than 100 million U.S. adults are now living with diabetes or prediabetes. Of that, only 12% were aware that they had it. And with approximately 1.5 million new cases being diagnosed every year, the need for education and financial support is clear.

Prevalence
Infogram

Rates of diagnosis for the following ethnic groups
7.4% of non-Hispanic whites
8.0% of Asian Americans
12.1% of Hispanics
12.7% of non-Hispanic blacks
15.1% of American Indians/Alaskan Natives
Breakdown among Asian Americans:
4.3% diagnosed were Chinese
8.9% diagnosed were Filipinos
11.2% diagnosed were Asian Indians
8.5% diagnosed were identified as other Asian Americans
Breakdown among Hispanic adults:
8.5% diagnosed were Central and South Americans
9.0% diagnosed were Cubans
13.8% diagnosed were Mexican Americans
12.0% diagnosed were Puerto Ricans

Underreported deaths due to diabetes

Diabetes is one of the leading causes of death in the United States (seventh as of 2015). However, studies have found that it is also among the most underreported. According to the American Diabetes Association®, only 35% of people who died with diabetes had the disease listed on their death certificate. And of that number, only 10% had diabetes identified as the cause of death.

Underreported Deaths
Infogram

There are a number of possible reasons for the underreported rate. But a lot points to the lack of ability to pay for adequate diagnosis and proper medical treatment.

What specific costs will someone with diabetes have to address?

If you or your child are diagnosed with diabetes, or you’re told that you have prediabetes, management and prevention take center stage. While a lot involves diet and exercise, medication will inevitably have an effect on your finances as well.

According to the American Diabetes Association® (ADA), medical costs for a person with diabetes averages out to $16,750 per year (a total of $327 billion nationwide in 2017). Of that amount, $9,601 is attributed to treatment specifically for diabetes. That’s more than twice the medical cost for people without diabetes.

Of the $327 billion nationally, $237 billion was attributed to direct diabetes medical costs and $90 billion was attributed to indirect costs – absenteeism and reduced productivity at work. Understanding the different forms of diabetes treatment, as well as the direct and indirect costs, is important for wrapping your head around plans for financing.


Type
Treatments

Type 1 Diabetes
Diet
Exercise
Insulin therapy
Regular blood glucose tests/monitoring

Type 2 Diabetes
Diet
Exercise
Insulin therapy
Other medication
Gestational Diabetes
Diet
Exercise
Monitoring sugar intake
Monitoring the baby
Direct Medical Costs ($9,601/year)
Indirect Medical Costs ($90 billion nationally)
Prescription medication (30% of total cost)
Loss of productivity due to mortality ($20 billion nationally)
Hospital care (30% of total cost)
Inability to work as a result of diabetes ($40 billion nationally)
Routine doctor’s office visits (15% of total cost)
Reduced productivity while at work ($30 billion)
Other medications and supplies (25% of total cost)
Reduced productivity due to increased absences and loss of employment from diabetes ($6 billion)

Insulin

Insulin injections are one of the primary forms of medical treatment used to manage diabetes. Especially for those living with type 1 diabetes, who can’t produce insulin of their own, these types of injections are vital for survival. However, the cost for insulin has skyrocketed in recent years, leaving many in the position of having to choose between going into debt or cutting back on medication.

Average cost for insulin as of 2015: $100-$200 per month
Average cost for insulin as of 2018: $400-$500 per month

WIDELY USED INSULIN BRANDS AND INSULIN INJECTION TOOLS
Insulin
Apidra, Humulin, Lantuo, Lente, Levemin, Novolog, Novolin, NPH Insulin, Regular Iletin, Regular Insulin, Velosulin
Insulin Syringes
BD Ultrafine, Levemir®, Monoject, NovoFine®, Ulticare, UniFine, UltiGaurd
Insulin Pumps
Animas, Deltec, Medtronic

Diabetes screenings and other medications

Along with your normal doctor’s visits, diabetes screenings are an important part of the process for identifying the disease. Specifically, if you have been diagnosed, testing your blood glucose levels will become a regular part of your life. Much of the costs for medications involved should be covered by your health insurance. And there are a number of home testing devices you can invest in to help make things more convenient and cost-effective.


WIDELY USED DIABETES TESTING BRANDS AND OTHER MEDICATIONS

Blood Glucose Test Meters and Test Strips
Abbott Freestyle®, Abbott Flash, Accu-Chek Compact®, Ascensia Elite, Ascencia Breeze, Ascensia Contour, Lifescan One-Touch©, Prestige
Injectable Medications
Byetta (Exenatide) injection and Symlin (Pramlintide Acetate) injection, Victoza (lLiraglutide- rDNA origin) injection
Oral Medications
Acarbose, Avandia, Chlorpropamide, Diabinese, Glipizide, Glucophage, Glucotrol, Gylset, Meglitol, Metformin, Prandin, Precose, Repaglinide, Rosiglitazone (These drugs act in different ways to lower blood glucose levels and may be prescribed in combination with other medication.)


Diabetes health expenditures according to group

Depending on whether you or your child has type 1 or type 2 diabetes, total expenditures can vary. Those who manage their condition at home, through diet, exercise, and home testing will have different averages than those needing regular appointments with specialists. According to the American Diabetes Association®, average total healthcare expenditures for diabetes treatment differ according to gender, race, and states with the highest populations of people diagnosed.

Gender
Men: $10,060
Women: $9,110

Race
Hispanics: $8,050
Non-hispanic Blacks: $10,470
Non-hispanic Whites: $9,800
States with highest population of people with diabetes
New York: $21 billion in healthcare expenditures
Florida: $24 billion in healthcare expenditures
Texas $25 billion in healthcare expenditures
California: $39 billion in healthcare expenditures

Options for diabetes treatment financing

In a recent online survey of 500 adults with diabetes, more than half of the participants acknowledged the medical costs involved has had a negative impact on their finances. Many also admitted to going to “extreme lengths” to cover the costs. These lengths include accruing credit card debt, borrowing money from family or friends, and tapping into a savings or retirement account. Many may feel the need to take some extra financial risks because they don’t feel as supported as they’d like. Understanding your options will help you make the most informed choices.

Insurance

Government insurance, such as Medicare and Medicaid provides most of the financial assistance for diabetes care. The military also takes care of a good amount of costs for veterans. The remainder of the cost is covered by private insurance or out-of-pocket cash. According to the National Conference of State Legislatures, 46 states mandate that diabetes be covered under state insurance.

Diabetes Health Insurance Coverage
Infogram

These states require coverage for diabetes treatment as well as equipment and supplies for home use (insulin, pumps, syringes, test meters). Four states do not have that same insurance mandate, however – Ohio, Alabama, North Dakota, and Idaho. Anyone with diabetes who live in any of those four states will most likely need to deal with a private insurer or explore other methods of financing.

Coverage from private insurers usually come through employer-sponsored group plans or individual health plans. Advisors would suggest going with employer-sponsored plans, because they offer higher protections due to being subsidized. On the other hand, if you are unemployed and venturing into the individual market, it may be difficult to find affordable coverage. The reason is that diabetes is considered a “high risk” disease. Insurance companies anticipate a high amount of claims, especially from those with pre-existing conditions. So it will be reflected in the pricing.

HSA

People who have diabetes but don’t have coverage that’s comprehensible enough for their needs may utilize a health savings account (HSA). An HSA is primarily useful for people with high deductibles (at least $1,350 individually, or $2,700 for family). Also, those who are a part of low-income families or don’t live in a “mandate state” may see this as a helpful tool. One big benefit of an HSA is that you take the money with you. There’s no “use it or lose it” policy like some other savings plans. Being able to set aside pre-taxed dollars to help pay for medical expenses can go along way when trying to manage diabetes.

FSA

Another way to set aside dollars for medical expenses is through a flexible spending account (FSA). An FSA is provided through your employer with a $2,650 limit. You can also use it to cover medical expenses for your spouse and dependents. One thing to keep in mind with FSA’s is that they do have an expiration period. You’re generally required to use the funds within your plan year. But your employer may offer extensions at their choosing. The benefit is, it can be used with any type of health plan. And diabetic supplies are eligible to be paid through FSA’s.

High interest savings account

If you’re not interested in dealing with your employer for coverage or a flexible spending account, a high interest savings account could be a good option to explore. It’s just like any other savings account, only with fewer restrictions. Not only are you saving for your medical needs, but your money is also making money. High interest savings accounts are opened through online banks – which means they don’t have to worry about maintaining branches all over the country. They can offer you higher interest rates, with the benefit of accessing your money whenever you want.

Unlike an HSA, a high interest savings account isn’t tied to a high deductible health plan with a dollar limit. And unlike an FSA, there’s no expiration date on when you can use your money. It removes any additional stress so you can concentrate on managing your condition properly. And as you earn interest, you can still take advantage of a number of outreach resources available for people with diabetes.

This condition can be a tough one to get a handle on, but it’s not insurmountable. Let your understanding of diabetes, your knowledge of its treatments, and your strategy for tackling costs work in your favor.