Multiple sclerosis (MS) may impact your life in many ways, including your finances. Living with MS could mean difficulty working, and it may likely mean added expenses from treatments, assistive devices, and copays. But there are things you can do to help prepare and address these obstacles. For starters, it’s important to start planning early and get your finances sorted out.
Prioritize your expenses
Keeping a budget is an important part of managing your income and expenditures. It can also help you put priorities on the different things you buy.
Explore additional support options
The company that manufactures your relapsing MS medicine may offer a financial assistance program. This could come in the form of a copay card or other tool to help lower your costs.
Consult a financial planner
A financial planner can help you analyze your current insurance, examine the insurance options you have, and discuss your long-term savings plan. The Financial Education Partners (FEP) program provides free financial planning and education to people with special health or financial circumstances.
Hire an accountant
If you don’t already have a Certified Public Accountant (CPA) preparing your taxes, consider getting one. Keep in mind this option will cost money. But a CPA can help you make sure you’re taking all the deductions you’re entitled to.