Understanding Your Health Insurance

By GabbyPA Latest Reply 2013-03-25 14:19:50 -0500
Started 2013-03-25 14:19:50 -0500

I stumbled across this article that discusses how you can find out if your insurace is the best deal for you. It covers things like cost ratios. That is something I never considered. I would always look for if it covered what I needed and how much a month came out of my check. There are a lot of good points to consider. I hope you find it helpful.

By Everyday Health

Diabetes care is expensive, even if you have health insurance. Find out how to rate your current insurance coverage and any new plans you're considering.

You’ve got enough on your plate just managing diabetes without having to deal with sticker shock when it comes to paying for diabetes care. But the cost of living with diabetes can add up quickly if you don’t have the right insurance coverage for your diabetes treatment needs.

People with diabetes spend an average of $13,741 per year on health care, including medications, supplies, doctor visits, and hospital care, according to a new analysis completed by the American Diabetes Association. Their costs are more than double those of people without diabetes, who spend $5853 annually.

Those who have been living with the disease for a long period of time can face even higher financial demands as complications such as heart disease, neuropathy, loss of vision, and kidney disease mount. A review of data published in the Journal of Cardiac Failure found that older adults who have both diabetes and heart failure could be looking at costs topping $32,000.

All this means that having a solid health plan is going to make a long-term difference to both your diabetes management and your pocketbook. Whether you’re newly diagnosed or comparing different insurance plans, it’s important to consider your budget and your expected diabetes needs when evaluating coverage.

“Think about what costs the most and then ask about those particular items when talking to insurance companies,” advises certified diabetes educator Patricia Bonsignore, MS, RN, of Joslin Diabetes Center in Boston. “Diabetic supplies and copays for appointments and prescriptions are probably the areas that cost people with diabetes the most.” When these supplies aren’t covered, people face difficult choices, sometimes trying to reuse supplies like lancets long after they are working well or cutting back on testing to save test strips. “When shopping around for insurance," she said, "it’s also important to check about coverage for blood glucose strips and insulin.”

Here are the specific questions you should be asking:…(read more) http://www.everydayhealth.com/diabetes/diabet...

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