How to Better Manage Your Healthcare Costs Prior to Medicare Eligibility

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Healthcare reform is a hot topic right now, withFinally, check into lowering your prescription drug
passionate opinions on both sides about how tocosts. Many expensive prescriptions have generic
better reshape our healthcare system. However,counterparts that get the job done just as well,
most people agree that something needs to beand they can save you between 50 and 70
done about healthcare costs. An astoundingpercent, according to the Food and Drug
number of Americans have critical healthcareAdministration (FDA). But always consult your
needs that go ignored simply because ofdoctor before switching to a new medication or
treatment costs.generic drug. Also, many major drug companies
People with disabilities, in particular, have manyoffer financial assistance programs to help those
health issues and often find it hard to receive thewith lower incomes. Eligibility varies among
right kind of treatment. Some of those withmanufacturers, but these programs are worth
disabilities qualify for Social Security Disabilityresearching to possibly reduce healthcare costs.
Insurance, or SSDI, which provides them with aMany states also offer programs to help pay for
regular monthly income as well as medicalprescription drugs; again, each state has its own
benefits. One key benefit of SSDI is eventuallyrules regarding eligibility.
receiving Medicare benefits. But people must waitChoosing the Right Medicare Plan
24 months after their entitlement to SSDI toMedicare eligibility also poses its own challenges.
receive Medicare. So what happens if you needDepending on where you live, you may have
money for healthcare now and can't wait twodozens of Medicare plans available. So it's
years? While there doesn't seem to be any wayimportant for you, especially if you require
of getting around this 24-month waiting periodongoing medical treatment, to choose the right
unless you have end-stage renal disease or Louplan. There are a number of considerations,
Gehrig's disease (ALS), there are things you canincluding your choice of doctor, your current
do to reduce your healthcare costs prior tohealth and prescription drug needs. Keep in mind,
Medicare eligibility. In addition, once you becomepeople with disabilities can receive better
eligible for Medicare - you need to make sure youhealthcare coverage through a Medicare
enroll in the right plan for you, your finances andAdvantage plan than they can through another
your health situation.combination of coverage. Traditional Medicare
Handling Healthcare Costs before Medicare Eligibilitycombines Part A, or hospital coverage, and Part
Even if you receive SSDI and Medicare benefits,B, medical coverage, with the additional option of
it's important to keep any health insurance youpurchasing a Part D, or prescription drug plan, and
already have. See if you can join your spouse'ssupplemental coverage.
insurance plan or a plan through another privateTo wade through all the confusion, it's a good idea
insurance company. Or, if you received healthto work with a qualified Medicare advisor. Consider
insurance with your previous employer, you mightyour out-of-pocket costs with any possible plan
be eligible for COBRA. Under COBRA, you havebecause many Medicare plans have different
the option to keep your employer's group healthmonthly premiums. Pre-existing health conditions
plan for up to 18 months after your employmentare another concern, especially for those under
ends. You may receive an 11-month extensionage 65. Some supplemental plans exclude
once awarded SSDI benefits. Another step is toindividuals with pre-existing conditions.
negotiate lower healthcare costs, but do yourIt's important - whether you are a senior turning
research first. Determine the typical cost of the65 or someone with SSDI becoming eligible for
procedure you need performed, and what yourMedicare - to carefully evaluate your Medicare
doctor or hospital typically charges. Don't be afraidoptions. Take crucial steps, before you have
to shop around and see if you can get it done atMedicare, to lower your healthcare costs. Then,
another qualified hospital or doctor's office in theconsider working with a Medicare advisor to
area at lower cost. It doesn't hurt to ask yourensure that you have the best Medicare
physician if he or she can provide you with acoverage possible once you become eligible.
discount. Determine if the facility offers extended