Do you understand how your health can affect your finances?

Health and financial well-being are closely intertwined. People with financial instability often develop significant health issues, and likewise, significant health issues can create financial instability. The ability to maintain good health is part luck and part making healthy choices. A well-functioning health-care system is also vital.

A basic understanding of what is required to maintain good health goes a long way towards improving your chances of financial security. CNBC Financial Advisor council member Dr. Carolyn McClanahan — who is founder and director of financial planning at Life Planning Partners, a member of the National Association of Personal Financial Advisors (NAPFA), the Financial Planning Association and the American Academy of Family Physicians — shares questions to help you understand how common health issues and health-care policy can affect finances.

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