Financial Planning for People With Chronic Diseases

Business|When a Diagnosis Demands a Long-Term Money Strategy

https://www.nytimes.com/2022/01/14/business/chronic-illness-financial-planning.html

Fred Schwartz, 52, who has multiple sclerosis, manages his health and finances with a combination of public and private help. Credit…Bryan Anselm for The New York Times

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When a Diagnosis Demands a Long-Term Money Strategy

Financial planning for people with chronic diseases is complicated and multifaceted. Start by building a team of people to help.

Fred Schwartz, 52, who has multiple sclerosis, manages his health and finances with a combination of public and private help. Credit…Bryan Anselm for The New York Times

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By Susan B. Garland

  • Jan. 14, 2022

When Fred Schwartz was diagnosed with multiple sclerosis in 1994, the financial challenges that lay ahead were not top of mind.

“My health was my main concern,” Mr. Schwartz said. “I didn’t know what was going to happen.”

But the costs of his chronic illness began to loom large eight years later when Mr. Schwartz, 52, left [...]

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