Saving Dollars on Diabetes: Diabetic Coverage Options

Diabetes affects millions of people around the world. If you are at high risk for diabetes you probably need to have some type of coverage which will allow you to get supplies covered. After all, the cost of diabetic supplies and testing equipment is not cheap! There are many different types of health insurance which will cover diabetes care, your supplies (testing strips), and yearly tests to monitor your health. However, insurance can be costly. If you are a senior or low income person you may qualify for Medicare or Medi-Cal.

Insurance coverage costs have soared over the years, as has the out of pocket costs for most people who are insured. Most health insurance companies only cover a certain amount for each individual each year. This means you will be required to pay out of pocket expenses on top of your monthly premium costs. Your premium will depend greatly on your personal insurance and how it is set up. According to the National Conference of State Legislatures, there are no laws which require your health insurance provider to allow any certain amount of coverage for diabetes care. You will want to read through any personal health care manuals you were provided with from your insurance provider to determine how much or how little they are going to cover. You can often find companies who will give away free diabetic equipment to you if you can prove your diagnosis. So, search the web for various free offers on diabetes supplies.

Medicare coverage is good, as it allows for the recipient to get up to two diabetic screening tests done each year as well as covering glucose monitors, test strips, and lancets for personal use. This is helpful for those who qualify for Medicare coverage. Your general out of pocket expenses are minimal compared to other more price options like personal insurances or no coverage at all. With Medicare, your coverage only costs you approximately 20 percent of your Medicare approved amount after the yearly part B deductible.

Medicaid is for low income individuals who still need diabetes coverage. If you are a low income person who suffers from diabetes, you can apply for Medicaid and get help with the costs of your diabetes maintenance. Medicaid is funded both federally and from the state you reside in so coverage varies. You will have to contact your state's social services department to determine exactly what is covered under your state's Medicaid policy. Many policies include prescribed insulin, lancets, syringes, and test strips.