Managing healthcare costs can be a major source of stress for many beneficiaries of Medicare. Learn how a Medicare advantageal plan can help you with costs so you can get the treatment you need and keep medical costs under control. Why is it important to control the cost of medical care? If you have a condition that requires ongoing treatment, you may have first-hand experience on how your medical expenses can skyrocket quickly. Suppose you have diagnosed cancer and need chemotherapy three times a week. If you pay co payment of $ 20 per visit, you will spend $ 60 each week and $ 3,120 in one year. This does not even apply to other services you may need, such as visits to a doctor or lab tests, or treatment of health problems not related to your cancer.
The cost of chronic diseases, such as diabetes, can be overwhelming. New York Times has it that people with diabetes spend an average of $ 6,000 yearly to treat their condition. The same article cites these amazing statistics from the Centers for Disease Control: on average, diabetic patients spend twice as much on medical costs than non-diabetic patients, and these costs are not included in the cost of common eye complications, heart problems, or liver damage. One reason that costs can quickly get out of control is the fact that many chronic diseases are often associated with higher rates of comorbidity, which means that at the same time they have more common diseases. For instance, according to the CDC, persons with arthritis usually have conditions such as obesity, heart disease, and diabetes. As regards managing health care costs, this implies more visits to the doctor, tests and medications to treat each of the medical ailments.
Manage your health care costs
The proactive management of health care costs requires planning and some foresight. It might be difficult to predict where your health will be in 5 or 10 years, but there are actions you may want to take now to keep your medical expenses under control:
Prevention is the key. The best way to keep health costs down is to stay healthy as long as possible. Medicare offers a wide range of preventive services, which include screenings, annual “wellness” visits, and more. Find out if you are eligible to receive financial support. If you have limited income, Medicaid and Extra Help can help you manage health care costs, such as Medicare premiums, co payments, co insurance, and deductibles. Contact your state’s Medicaid program to find out whether you qualify. Do not wait until you are sick to get coverage. You may think you can save money if you can do it without coverage, but it could cost more in the long term. Most health plans include preventive services, such as checkups and annual check-ups that detect problems before they go out of hand.
Health costs and Medicare advantage coverage
If you are a Medicare beneficiary, you know that Medicare covers a variety of hospital and medical expenses, but it does not cover everything. Enroll at www.medicareadvantageplans2019.org for 2019 advantage plans, which save money.