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The Impact of Health and Wellness on Financial Well-Being
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[QUOTE="Phantasm, post: 343206, member: 94599"] Health and wellness have a significant influence on financial status through a number of avenues, for instance, medical fees, lost revenue, insurance charges, output and efficacy, loaning and also long range investment arrangements. Poor health can increase one’s medical expenses thus causing financial hardships in case their insurance is not enough. Illness or injury causes loss of income which may hinder the ability to meet normal living expenses as well as obligations. Those with pre-existing conditions may pay more in premiums for insurance leading to less savings and investment. Physical and mental health impact productivity directly hence incomes. Medical debts can result in bankruptcy/ insolvency. Indeed, good health is essential when it comes to long-term financial planning including retirement saving whereas poor health can lead to low savings requiring reliance from welfare programs. [/QUOTE]
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The Impact of Health and Wellness on Financial Well-Being
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