Money Management for Schizophrenia Costs

Did you know the average American can’t withstand an unexpected $1,000 bill? When it comes to paying for schizophrenia, the two biggest costs are medication, followed by hospitalization. For someone who has had psychiatric hospitalization, the average annual cost of mental health treatment is around $37,000. Host Rachel Star Withers, a diagnosed schizophrenic, and cohost Gabe Howard search out options for managing the financial costs of schizophrenia in this episode of “Inside Schizophrenia.” Greg McBride, chief financial analyst for Bankrate.com, joins us to discuss the best ways to approach unexpected expenses. Guest Bio Greg McBride is the senior vice president and chief financial analyst for Bankrate.com, the preeminent personal finance website. He leads a team responsible for researching financial products, providing analysis, and giving advice on personal finance to a vast consumer audience. With more than 25 years of experience in personal finance, he is a subject-matter expert who has the unique ability to provide both in-depth commentary and practical advice to consumers. Through Bankrate.com's Money Makeover series, he has helped consumers plan for retirement, manage debt, and develop appropriate investment allocations. McBride has appeared on hundreds of national cable and network broadcasts, including NBC's "Nightly News," CBS's "Evening News," and ABC's "World News Tonight," and has been a frequent guest on CNBC and Fox Business. McBride is routinely quoted by major media outlets such as The New York Times, Wall Street Journal, and USA Today, and is a regular guest on financial talk shows throughout the United States. McBride currently serves on the board of Money Management International of Sugar Land, TX, the nation’s largest nonprofit credit counseling agency accredited by the National Foundation for Credit Counseling, and is chairman of both the compensation committee and the investment committee. He has a distinguished record of serving on boards in the credit counseling industry. McBride has also served on the funding board of the Consumer Financial Education Fund through the Rose Foundation of Oakland, CA. McBride is a graduate of the University of Florida and has earned the designation of chartered financial analyst. Inside Schizophrenia Podcast Host Rachel Star Withers creates videos documenting her schizophrenia, ways to manage and let others like her know they are not alone and can still live an amazing life. She has written Lil Broken Star: Understanding Schizophrenia for Kids and a tool for schizophrenics, To See in the Dark: Hallucination and Delusion Journal. Fun Fact: She has wrestled alligators. To learn more about Rachel, please visit her website, RachelStarLive.com. Inside Schizophrenia Co-Host Gabe Howard is an award-winning writer and speaker who lives with bipolar disorder. He is the author of the popular book, "Mental Illness is an Asshole and other Observations," available from Amazon; signed copies are also available directly from the author. Gabe makes his home in the suburbs of Columbus, Ohio. He lives with his supportive wife, Kendall, and a Miniature Schnauzer dog that he never wanted, but now can’t imagine life without. To learn more about Gabe, please visit his website, gabehoward.com. Learn more about your ad choices. Visit megaphone.fm/adchoices