Cut Your Medical Costs

Medical costs are rising higher and higher with inflation and the introduction of new more expensive drugs and healthcare treatments. This blog focuses on advice and tips to get the best healthcare that you can to keep you and your loved ones healthy while keeping it affordable.

Wednesday, August 30, 2006

Quit Smoking

Bottom Line
By quitting your nicotine habit, you could be saving thousands of dollars both by not buying cigarettes and by reducing future health care bills.

Well we've all heard it time and time again: quitting smoking is good for your health. But don't take my word for it. The Surgeon General of the US recommends the cessation of smoking and many employers now refuse to allow smoke in their facilities. European employers have even gone so far as to not hire smokers and some in Michigan have told their employees not to smoke at home starting discussions about invasion of privacy. Clearly the trend is to eliminate smoking from our daily lives as even second-hand smoke can increase the risk of cancer and heart disease in non-smokers who inhale it.

The cost of a pack of cigarettes is rising. Nowadays the average seems to be around $4.50/pack, with some states (such as Maine) charging as high as $6/pack. Of course not all packs are made equal, so some speciality brands may be more expensive.

Let's consider John and Wilma, who both have been long time smokers. They continue to smoke half a pack a day each. Each day they spend $2.25 combined, each week they spend $15.75, and each year they spend $819.00. Looking at the expenses, Wilma decides to quit smoking and in a few months she is smoke free and saving money. But how much is she saving?

Every year that amounts to $819.00 just for the cigarettes, but she's also discovered that she doesn't need to buy breath freshners nearly as often since her breath no longer smells of smoke. Also there's not as much perfume being used to conceal the smoke in her clothes and hair. Wow! And to top it off, her insurance premium dropped by over $1000 per year! Her total savings could be over $2000 for one year.

Of course, the benefit to your health is just as important as the cost savings. Take a look at what quitting can do for you. We'll take a closer look at some other benefits of not smoking in later posts as well.

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