A lot of the population that has already been diagnosed with Type II or Pre-Diabetes knows the changes you have to make. The effect it has on your eating habits alone can often put a dent in your wallet. Add to that the raising medical costs and you can see how not only does this disease hurt your health, it can also seriously hurt your finances as well.
The ADA or The American Diabetes Association states that the average cost of management and treatment for a person with diabetes is $13,741 a year which equates to more than twice the cost of health care for an average person without diabetes.
There is a silver lining though to this ever growing concern for an ever expanding population of people who need help: More health insurance companies are stepping up to help those who need it. Health insurance companies are paying for medical care directly related to diabetes.
Private health insurance, government health insurance and various other forms of assistance are all available to the average person. The Affordable Care Act is something to look into as you may be entitled to aid for your health care costs, though you may need to have health insurance or pay a fee.
Most people do not understand the full terms related to the financial and medical aspects when it comes to the treatment of diabetes. We hope the information we provide you here helps you. What we can tell you is that you need to learn the language in order to get the most out of the benefits available to you. For example, you need to understand that your affiliation period is the time that has to pass before your health insurance coverage from your health maintenance organization becomes effective. You also need to consider your budget and how much your coinsurance is going to be after your deductibles.
If you have have more than one health care plan, you are going to need to know the coordination period. This is used to figure out which of your plans is going to pay first and how long it will continue. Your copay on the other hand is the amount you will have to pay for health care which is often a set fee. Your deductible is what you’re going to shell out of your wallet to pay for your health care.
Next you need to consider what your network covers or what group of health care providers will give you a discount. This is because those out of your provider’s network are going to cost more as they do not give non-members a discount. The premium is what amount you’re going to pay for your health care cost periodically. Your health care plan is what will pay your medical bills first. This is is going to be your primary payer, the secondary payer is the health care plan that will pay the medical bill after the primary payer. You can consider contacting a social worker who has special training in this field to help people solve these types of issues for you. They are also equipped to deal with people who have disabilities or lower incomes regularly.
Now you might be asking how you can get some federal program assistance. Here are some that can provide resources for those with diabetes.
- Department of Veterans Affairs (VA)
- The Indian Health Service
- The Hill-Burton Free and Reduced-Cost Health Care Program
- Bureau of Primary Health Care
- Social Security Administration
- Social Security Disability Insurance (SSDI)
- Supplemental Security Income (SSI)
- Women, Infants, and Children (WIC)
Now that we listed them let’s get more into the details of each so you can see which one might be able to help you.
TRICARE: Is the program that serves uniformed service members, retirees, and the families of them. You qualify for TRICARE is you’re an active duty service members, a military retiree, a member of the National Guard or reserves on active duty for 30 days, or family members of any of those mentioned.
Department of Veterans Affairs (VA): VA operates the nation’s largest integrated health care system, with more than 1,700 hospitals, clinics, community living centers, domiciliaries, readjustment counseling centers, and other facilities.
The Indian Health Service: This is the program for you if you fall into the categories recognized by American Indian or Alaska Native Tribes.
The Hill-Burton Free and Reduced-Cost Health Care Program- is for those who are uninsured and need help with the cost of hospital care. It provides free or reduced cost medical services to people with lower incomes.
The Bureau of Primary Health Care- Has primary and preventive health care for medically underserved people through community health centers. For those with no insurance they base fees for care on your family size and income.
The Social Security Administration- Has the SSDI and the SSI. The SSDI is a federal insurance plan that pays monthly amounts to people who cannot work. The SSI is a federal safety net program that pays a monthly amount to disabled children and adults who earn little and have few assets. If you can get SSI you can also possibly get food stamps and Medicaid as well.
WIC- is the program service for low income pregnant, breastfeeding, and post partum women as well as children up to 5. It coveres supplemental foods, health care referrals, nutrition education, breastfeeding information and has assistance for those with gestational diabetes which qualifies women through the WIC program given they meet the financial requirements and has lived in a particular state the required amount of time