LMC Insurance & Risk Management
  • About Us
    • Leadership
    • Wisconsin Office
    • Accessibility
  • For Business
    • Property Casualty
    • Employee Benefits >
      • Iowa Health Insurance Pool
      • Share to Compare
    • Financial Services
    • Surety Bonds
    • Risk Management
    • Cyber Security
    • Executive and Owner Risk Management
  • Industries
    • Construction
    • Healthcare
    • Higher Education and Nonprofits
    • Hospitality
    • Manufacturing
    • Petroleum
  • Personal
  • Contact Us
    • Report A Claim
    • Iowa
    • Wisconsin
  • Careers
    • Open Positions
  • Online Tools
  • Blog
  • About Us
    • Leadership
    • Wisconsin Office
    • Accessibility
  • For Business
    • Property Casualty
    • Employee Benefits >
      • Iowa Health Insurance Pool
      • Share to Compare
    • Financial Services
    • Surety Bonds
    • Risk Management
    • Cyber Security
    • Executive and Owner Risk Management
  • Industries
    • Construction
    • Healthcare
    • Higher Education and Nonprofits
    • Hospitality
    • Manufacturing
    • Petroleum
  • Personal
  • Contact Us
    • Report A Claim
    • Iowa
    • Wisconsin
  • Careers
    • Open Positions
  • Online Tools
  • Blog

Welcome to the LMC Blog

Improving your well-being may help lower your health costs

5/15/2019

 
Improving your well-being may help lower your health care costs
Health care costs continue to rise, and it can feel as though there is nothing you can do to combat the expenses—but there is. Taking control of your overall well-being can lower your health care costs.
​
According to the Centers for Disease Control and Prevention (CDC), 86% of the nation’s health care costs go to treating chronic conditions. Obesity, heart disease, and Type 2 diabetes are a few of the most common chronic health conditions. Medical care for obesity alone costs the United States roughly $147 to $210 billion every year.

Risk factors for chronic diseases and other health problems can be managed through lifestyle choices. According to the CDC, risk factors include inactivity, smoking, high cholesterol, obesity, elevated blood pressure, and diabetes. The Medical Expenditure Panel Survey, conducted by the Department of Health and Human Service’s Agency for Healthcare Research and Quality, found that people who have four or more of the listed risk factors rack up an average of $3,116 more on medication costs alone than those with one or less of the risk factors.

Making changes to your lifestyle can help prevent or lessen the severity of health issues, which may result in fewer health expenses and improved well-being.

What Is Well-being?

At its most basic level, well-being refers to feeling good and maintaining a healthy lifestyle. Achieving total well-being may seem unattainable, but it’s a continuous goal that everyone should be striving for. Physical, mental, social and financial well-being are four components that make up your overall well-being.
  • Physical well-being—Whether you’re taking a 30-minute walk after work or joining a team sport, staying physically active is imperative to your overall health. Eating a well-balanced diet to fuel your body, as well as getting enough sleep, are also necessary to maintain physical well-being.
  • Mental well-being—How your mind feels directly affects how your body performs. One common theme of mental well-being is the impact of stress. The American Institute of Stress reported that 1 in 4 employees consider their jobs to be the top stressor in their life. Reducing stress in your work and personal life may improve your ability to focus and think more clearly.
  • Social well-being—Your social well-being plays a big role in your overall well-being. Joining a club or a sports team is a great way to meet new people and stay active in a way that’s low commitment, yet extremely beneficial to your overall well-being. Being social can create long-lasting support systems or even form connections in your professional life.
  • Financial well-being—According to a Gallup survey, 46% of working employees are very or moderately worried about paying off normal medical expenses. Being financially literate and establishing a healthy relationship with money can lead to increased financial stability and better well-being.
 

Comments are closed.
    We're here to help.
    ​1-800-677-1529
    ​
    Email Us
    Follow @lmc_insurance

    Categories

    All
    Compliance
    Construction
    COVID 19
    COVID-19
    Cyber Security
    Directors And Officers
    Employee Benefits
    Executive Benefits
    Healthcare
    Higher Education
    Human Resources
    Manufacturing
    News
    Personal Insurance
    Property And Casualty
    Risk Management
    Wellness
    Workers Compensation

    Archives

    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    April 2018
    March 2018
    January 2018
    December 2017
    November 2017
    October 2017
    August 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017

    While every effort has been taken in compiling this information to ensure that its contents are totally accurate, neither the publisher nor the author can accept liability for any inaccuracies or change circumstances of any information herein or for the consequences of any reliance placed upon it. This publication is distributed on the understanding that the publisher is not engaged in rendering legal, accounting, or other professional advice or services. Readers should always seek professional advice before entering into any commitments.
LMC Insurance & Risk Management
​About   |   Blog   |   Contact

Iowa
4200 University Ave, Suite 200 
West Des Moines, IA 50266-5945
Wisconsin
8500 Greenway Blvd., Suite 201
​Middleton, WI 53562
 © 2021 LMC Insurance & Risk Management. All rights reserved. Privacy policy.