A banker in our community who is currently taking financial classes shared recently what she had been learning about the history of the Social Security program in America.
She shared that the program was initiated in the 1930’s. Apparently at that time, for every one person using the program, there were ten citizens contributing to the program. Also the average lifespan for the average citizen was around 65 years of age. The program was a hit and worked very well. Mathematically it all worked out very well.
Today is a different story. Currently the statistics show that for every one person using the program, there are now three people contributing. The government at the time couldn’t have predicted that the Baby Boomer generation would limit their offspring to only one or two children, or in a lot of cases none. The result is a smaller working class from their children now. Between that fact and the average lifespan of individuals being much higher than it was in the 1930’s, the math doesn’t work the way that it once did. It’s not a mystery that Social Security is in trouble. Adjustments are required.
The same can be said when it comes to health insurance. The 1980’s were the “heyday” of insurance. People often had great coverage for minimal monthly premiums. They could see their chiropractor and often have coverage that made their “rate of return” very, very good.
As the years have passed, those “heydays” have also passed. Monthly premiums are much higher than they once were. For chiropractic coverage, limits began to be put into place. 25 visits per year. 12 visits per year. 10 visits per year. None. And now, changes are beginning to be implemented to make those visits even more difficult to access. For some, pre-authorization from the insurance company is required before allowing access to the care that you pay a premium to access.
In my recent conversation with the banker, she shared interesting insight that I pass on to you. When she first started chiropractic, it seemed expensive and costly. Her insurance only paid for a limited amount of care, but she found a way to pay beyond that so she could continue to receive the care she required.
The result? She said that since her body has worked so much better than it once did, she not only is able to enjoy life so much more, but she is also taking less than half the medications she once required. She has been able to be more productive at work, which has led to a promotion. Her “rate of return” has been phenomenal!
Whether it is your retirement or your health care, the times are changing. The math that worked once is not sustainable today. The greatest option is still the original option: you take control of your savings and your health care throughout your life. Make wise, healthy options. I daresay that if you search around, you will find that chiropractic – the investment in keeping your joints and posture healthy and well – will help you get the most for your money.
So don’t stop taking care of yourself when the insurance runs out. Make wise, healthy choices, and your “rate of return” will likely be the best ever!
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