Planning a Healthcare Budget

At The Arthritis & Infusion Center, we are all too aware of the struggles many people have in paying their medical bills. And, with the most recent changes in medical reimbursements due to government regulations, it is even more important to plan ahead. But, the most significant question is: How does someone prepare for an illness, or health issues, that come as a complete surprise?

      When you are trying to budget, communicate with your  insurance agent, as well as all the physicians/clinics who service your family’s medical needs. Ask, point blank, if their rates will be increasing in the near future. You have every right to ask this critical question.  Therefore, the areas you need to include in your healthcare budget include, but are not limited to:

• Insurance premium costs: Insurance coverage can be negotiable depending on your lifestyle (i.e., non-smoker, active lifestyle, etc.) 
•  When you know what your insurance covers, but more importantly, what it doesn’t cover, make a conscientious attempt at estimating out-of-pocket costs.
•  Once you’ve come to the two estimates (above), factor into the equation your medications, visits to the dentist, and eye appointments. (Remember, your health insurance policy will outline what dental services, if any, are covered.) 
•  If you take vitamins, belong to a gym, or take advantage of specialized services like therapeutic massage, these costs need to be estimated and included in your budget as well.

“Many of our patients struggle paying their bills, and many pharmaceutical companies have programs in place to help the truly disadvantaged,” said Dr. Hulon Crayton, owner of The Arthritis & Infusion Center. “In addition, there may be other government programs that may be able to be accessed.”

People on Medicare must also understand that healthcare services, at some point, may become rationed. Their healthcare budget must allow for them, as senior citizens, to pay – out of pocket – if they want to ensure that some yearly tests (mammograms, pap smears, etc.) are covered. Otherwise, these tests will only be done every other year.

At The Arthritis & Infusion Center, we encourage our patients to ask us how to most effectively manage their healthcare, and we can certainly assist with the necessary data patients need in order to compile a comprehensive healthcare budget. Don’t wait another day to get started to take control of your healthcare finances.