The study’s analysis of costs is just scratching the surface, Weinstein said. That is because those who have addictions often have difficulty successfully staying employed.
And their substance abuse issues may exacerbate other health conditions, such as diabetes.
Insurance costs — such as life and long-term-care coverage — are also more expensive if you have a chemical dependency, said Carolyn McClanahan, founder and director of financial planning at Life Planning Partners.
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“The sooner you quit, the better,” McClanahan said.
If you don’t, “you’re going to get sick more,” she said. “You’re going to have more out-of-pocket costs.”
American Addiction Centers used government data and statistics and content from news websites to compile its research.
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