Having access to healthcare is important no matter what age you are. But if you are a senior, your health becomes even more important. Unfortunately, it can sometimes become costlier, too. However, there are several ways in which seniors can get value for money on their healthcare. Here are some of the best options.
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Know Your Medicare Options
Choosing the right Medicare plan makes a huge difference to the healthcare you can receive and how much you have to pay. Seniors may be tempted to opt for Medicare Advantage plans because they offer low premiums. However, the plans do not provide as many benefits as others, and once you enroll with a Medicare Advantage plan it becomes more difficult to switch to a more comprehensive Supplemental plan later down the line. Failing to sign up with a Medicare plan in a timely way can also cost you more later on as you will pay a penalty in addition to your monthly premium. You may also be able to get a better deal for your money by wisely choosing the insurance provider you go with. So, before you commit to Medicare, compare the different options available from companies like Aetna and Humana, which offer slightly different prices and services. At the end of the day, you need to weigh up which plan is best for your personal health and financial circumstances. So, compare Humana vs Aetna to get started.
Read the Fine Print
Whatever type of insurance plan you look at for your healthcare needs, make sure you carefully read the plan; paying particular attention to the fine print. You need to know the precise terms and conditions before you sign on the dotted line. If you do not, you could end up not being covered for things you think you are covered for and paying additional costs. Healthcare plans are full of specific jargon too, so it is vital you understand what is meant by terms like copayment, deductible, and out-of-pocket maximum. You also need to understand the type of plan you get. For instance, you could sign up for an HMO or PPO plan.
Maximize Your Benefits
Many insurance companies provide online tools to help you save money. By using them, you can determine the likely cost of receiving care that factors in the deductible and coinsurance charges. Also, some plans offer rebates for doing things like getting your blood pressure checked. Furthermore, some Medicare plans include free access to thousands of national gyms. Some plans also include a free option for consulting specialists. By comparing the specific benefits of different plans, you can choose the best one for your requirements and save money at the same time.
Wisely Use the Calendar
Getting value for money on your healthcare is not limited to the type of insurance you get and the provider you go with. You can also use your calendar wisely to lower your costs. For instance, if you require non-emergency surgery, you can choose when you have it. By scheduling the surgical procedure for after you have paid your annual deductible, you can avoid paying for both your deductible and copayment. If you regularly take prescription drugs, you can also refill any required prescriptions prior to the end of your coverage period when your new prescription deductible starts.
Sign Up for a Patient Assistance Program
If you have a low to moderate income, you may be able to sign up with Patient Assistance Programs to obtain free or low-cost medications. Under the programs, you can obtain both generic and brand-name medicines. If you have diabetes, insulin is also covered. Patient Assistance Programs are available through county or state government agencies, non-profit organizations, and charitable foundations.