Before Medicare starts: Managing your healthcare costs better

Before Medicare starts: Managing your healthcare costs better

In recent times, health reform is a topic on the front burner, because the views of both sides are passionate about how we can best transform our health care system. However, most people agree that something must be done to reduce the cost of medical care. A surprising number of Americans have critical health needs that are simply ignored due to the cost of treatment. In particular, people with disabilities have many health problems and often find it difficult to get the right treatment. Some people with disabilities are entitled to Social Security Disability Insurance (SSDI), which provides regular monthly income and medical benefits. The main benefit of the SSDI program is getting benefits from Medicare. However, beneficiaries must wait 24 months to get their SSDI Medicare application.

Now, what will be done if you need funds for medical treatment now and cannot wait two years? Although there seems to be no way to avoid this waiting for 24 months except in cases or late stage kidney disease of Lou Gehrig’s disease, there are several ways to reduce health expenses before they can claim Medicare. Once you qualify for Medicare, you must also make sure you sign up for the right plan for your health and financials.

Manage health care bills before you qualify for Medicare

Even if you get SSDI and Medicare benefits, it is imperative that you keep your current health insurance. Find out if you can enroll in the spouse’s insurance plan with another private insurer. If you have taken out health insurance with your previous employer, you may qualify for COBRA. It gives you the option to keep your employer’s health plan up to 18 months after the termination of your employment contract.

You can benefit from an 11-month extension if you have SSDI benefits. The next step is to negotiate lower health costs, but start with an investigation. Determine the typical cost of the procedure you need and the cost that your doctor or hospital normally charges. Do not be afraid to look around and see if you can make it cheaper at another hospital or qualified medical office in the area. It’s okay to ask the doctor if he can give you a discount. Find out if the property offers free financing or prepaid options.

Finally, check how this reduces the cost of prescription drugs. According to the Food and Drug Administration, prescriptions contain many expensive generic alternatives that do their job well enough and save between 50 and 70 percent. However, always consult your doctor before switching to a new medicine or a generic medicine. In addition, many large pharmaceutical companies offer programs of financial assistance to people with limited resources. Eligibility differs from the producer; however, such programs must be designed to potentially reduce health care costs. Many states offer 2020 Medicare supplement plans which can be enrolled in at also have plans that can help pay for prescription drugs. Each state has its own eligibility rules.