More Than Medical: The Unseen Costs of Getting Sick

The Price You Don’t See: Hidden Financial Costs of Illness

As healthcare professionals, we’re all familiar with the direct medical costs of illness—doctor’s visits, prescriptions, and hospital stays. But illness also brings hidden costs that can severely impact your clients’ finances and well-being. These costs extend beyond medical bills and are often overlooked. It's crucial to explain to prospects that securing healthcare before illness or injury strikes ensures they are financially protected when unexpected health challenges arise. 

1. Lost Wages

When clients are too sick to work, they may lose income—especially if they don’t have paid sick leave or short-term disability insurance. For the self-employed, this loss can be even more significant.

Tip: Encourage prospects to check out ShareRight, which is great for individuals, families, and small businesses. By planning ahead, they can avoid overwhelming medical bills and focus on recovery rather than worrying about the financial impact.

2. Caregiver Costs

Many people rely on family members to help care for them during illness. However, caregivers often lose income or have to cut back on work, which adds financial strain.

Tip: Suggest long-term healthcare or in-home care services to reduce the burden on family caregivers.

3. Transportation Expenses

Medical treatments often require travel, which can become costly, especially for those living in rural areas or without access to public transportation.

Tip: Advise prospects to look at healthcare options that include transportation benefits or point them to community resources for ride assistance.

4. Emotional Toll

Illness can lead to stress, anxiety, and depression, which may require therapy or medications. The emotional strain also impacts relationships and productivity.

Tip: Make sure prospects are aware of the telemental option that ShareRight offers. Always refer to the guidelines for more details.

5. Lifestyle Adjustments

Major illnesses or disabilities may require home modifications or adaptive equipment, adding significant costs.

Tip: Suggest joining ShareRight now as pre-existing conditions have limitations in sharing.

6. Family Impact

Chronic illnesses affect the entire family—causing stress, strain, and potential health issues for loved ones.

Tip: Recommend family support programs, including counseling and family leave options, to help families manage the long-term impact of illness.

Conclusion: Preparing for Hidden Costs

Illness doesn’t just affect your prospect’s health—it impacts their finances, work, and family life. By helping them recognize the full range of hidden costs, you can guide them to the ShareRight option and ensure they’re prepared for the financial challenges ahead. Your prospects will thank you for helping them navigate the unseen costs of getting sick.