Is your healthcare portfolio balanced?
We are all aware of the need to balance our financial portfolio, so in times of trouble or when disaster strikes — stock market dips, rosy dips, etc. — to be as little affected by financial challenges as possible. Having a sizable bank account gives us many opportunities that people with less financial understanding and training need to preserve their egos.
Maybe you’re at a “comfortable” financial level, can pay bills and credit cards on time, and have enough disposable income to enjoy a good quality of life. Maybe you’re enjoying an “extremely high” financial level, with endless “toys,” travel whenever and wherever you want, and other opportunities for the “good life.” Either way, you are able to deal with sudden financial challenges and can take advantage of financial opportunities when they present themselves. Feels good, doesn’t it?
But what about your healthcare portfolio? When you face challenges like cold season, flu, ear infections in kids, etc., do you just accept them as part of life? What to say when disaster strikes in the form of a serious health challenge for you or a family member. Is your health bank account ready to fight back?
In the United States, the average age of disability (when quality of life becomes so poor that you need help with your daily activities) is 65. Modern medicine offers miracles to keep us alive longer – increasing our “span”. But what about the quality of our lives? If we want to extend our ‘healthy span’ along with our ‘lifespan’, it is imperative that we level up our health bank account as well as balance our health portfolio.
If you think health care costs have gone through the roof now, wait until most of the baby boomers reach “disability age.” Now is the time to take a hard look at your own health bank account and ask “Do I have all the energy I need each day?”, “What is my ‘cushion’ in case of serious illness?” and “Does it need balancing on my health wallet?’
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