How to Use Bitcoin Cash as Health Care Fund

Bitcoin cash is a utility coin. It should be used more in everyday usage instead of being locked for future. Being an utility coin makes it easy to use it for variety of emergency purpose.

One such purpose is the healthcare fund. We all are going to die some day and we will be making use of the BCH for our expenses in health care. We all need to make use of the funds for the medical purpose.

If you learn how to use the funds the right way, the medical emergency funds can be useful for the long term. They should not only be part of your emergency funds but they should be protected till that particular usage.

So in this post we are going to discuss how to use bitcoin cash for healthcare funds.

List down your Health Issues

It's reasonable to note down your health issues as you move beyond the 30s. And you realized what are some of the health issues that you have. This gives you an idea on how you handle the health.

Say you have high blood pressure, high sugar and other issues like weight gain. Make sure to list them down. Find out what medications you took.

Then you should make a list of the medications that you take on monthly basis. You should have an estimate of how much of the money that you spend on those health issues.

You get the idea the more you list down the health issues and more you understand your body better in the due process. You understand your health issues decide what you can do better too.

Find Out Expenses in Medicine and Doctor Visits

How much does your doctor charges you per visit? How much is his medicine expenses on you? How much is the visitation charges?

You also have to list down the charges for the health issues like admitting in hospital and also you have to realize what sort of charges you would have overall for health in general.

Once you understand how much is being spent on you for hospital, doctor and the medicine charges, this gives you an idea on how much you should be holding in your wallet for the health reasons.

Making estimate requires you to understand this number clearly. So make sure to add this data in your overall calculation for the expenses on the medical healthcare.

Calculate HealthCare Dependency Cost

You may have people dependent on you. And some of the time you need the dedicated person in the hospital other than the family people.

Once you know how much is the dependency of nurse or the people you depend on costs you then you get an idea on how much to spend and how much to manage with respect to the total cost of the health care.

Often this is the cost you have to handle on your own and there are often no deductions for you in the same. So you have to make sure to have this number in your overall healthcare costs too.

This amount should be part of your healthcare as well as the emergency funds that you are saving for years.

How to Use Bitcoin Cash for Healthcare?

Like any other goals, you can use the bitcoin cash for the healthcare too. I have already covered how to make the emergency funds using the bitcoin cash. You can check that post.

You should be able to calculate your overall expenses and make sure to store your money in the bitcoin cash funds. This way you are protected even with market ups and downs.

You can alternatively add the funds into the flexUSD SLP or the smartBCH token if you want. Having the funds in the stable token would be of help for you especially during the inflation too.

It takes time to build up such fund but if you plan for it then it's not hard you have to just have to take things a bit with some patience and that should help you with setting up one such healthcare fund.

What do you think?

Bitcoin cash is a good utility token that can be use for you in both emergency fund as well as the medical emergency too. You have to make sure to add the sources in your earning funds such that you can have proper funds for yourself.

What do you think? Do you think using bitcoin cash to be used as an emergency fund for the medical healthcare fund a good idea?

I'd appreciate your ideas and comments :)