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Use or lose your insurance deductible before your plan resets

How To Use Or Lose Your Insurance Deductible

Attention! It’s time use it or lose it, your deductible on end of year plans. For most Americans, insurance deductibles reset on the first of January. That means you may be responsible for increased medical costs until you meet your 2019 deductible.

Be sure to get last minute medical equipment and resupply items before the end of the year so your insurance provider will pick up the tab. Unless you’re on a company insurance plan, which commonly reset in July and June.

Also, remember to use the funds in your Flexible Spending Account (FSA). If you fail to use the money deposited into your account before the year ends the funds will be forfeited.

But don’t worry, we’re here to help. Offers free benefit analysis services to help you avoid rising costs and receive your necessary medical equipment.

How To Use Or Lose Your Insurance Deductible

PAP Resupply – If you ’re prescribed a CPAP, BiPAP, ASV, or nebulizer equipment your insurance may cover the replacement of disposable supplies, such as masks, tubing, filters, and more. Just be sure to have your order confirmed by December 16, 2018.

While we’re on the topic of masks, you don’t have to settle for the same one each time. New high-performance masks come out on a regular basis, so don’t miss out on the next best thing. See if you qualify for a free mask upgrade!

Breast Pumps – How is your little one, Mama? If you received a breast pump from Aeroflow then you may qualify for replacement parts such as flanges, tubing, and more to extend the life of your pump. Simply contact your Aeroflow Breastpumps specialist to determine your coverage options. 

Receive medical reasupply or new equipment before your insurance deductible resets

Urology – Do you need catheters or protective undergarments? Well go ahead and get your incontinence supplies now. Depending on your coverage, you may be eligible to have your supplies 80 to 100% covered with a supply quantity that lasts until March, when you hopefully meet your deductible. Contact your incontinence specialist to help determine your coverage options.

Lymphedema – If you have met your deductible for 2018 and spoke to your doctor about pneumatic compression for lymphedema, we’re here to help. Contact us to receive your lymphedema pump to treat swollen, fluid-filled areas of the body caused by damage to the lymphatic system in the comfort of your own home. You may also qualify for a compression wrap or velcro compression garments to help reduce fluid collection and increase comfort in-between home treatments. Whether you were born with lymphedema or it was brought on by surgery, we can help you manage this uncomfortable disease.

Nebulizer – Fall and winter can wreak havoc on your child’s lungs, especially if they have allergies, asthma, COPD, and infection of the upper respiratory tract, or other respiratory disorder. Speak with their doctor about receiving a nebulizer to easily administer breathing treatments at home or on the go. You also may qualify for nebulizer resupply items such as masks, tubing, and more to keep your pediatric nebulizer properly functioning.

How Your Health Insurance Deductible Works

Just to make sure you’re totally up to speed about how your health care deductible works we’ll quickly cover the basics.

Your health insurance deductible is a monetary amount that you as an insured individual or family must pay for covered health care services every year before your plan benefits fully take effect. Your deductible resets annually

Meaning that you will pay out of pocket for health care services until you meet the deductible. There are also a few different deductible types: 

Man must meet his insurance deductible before certain procedures and equipment are covered

  • Individual Deductible – Deductible to meet individually if you’re the only member covered on your plan.
  • Family Deductible – Deductible that covers your family members if they are also on your plan.
  • In-Network Deductible – Deductible for in-network providers.
  • Out-Of-Network Deductible – Deductible for out of network providers.
  • Prescription Drug Deductible – Deductible that must be met before pharmacy benefits apply.

Your copayment or copay is the monetary charge that your plan may require you to pay in order to receive specific health services or supplies. For example, you may have a $20 copay for doctor visits or for a brand name prescription or drug.

You also have an out of pocket limit or maximum which is the most you have to pay for covered services under your plan for the year. After paying this amount for your insurance plan in deductibles, co-payments, and coinsurance, your plan will cover 100% of your benefit costs.

If you have any questions about your plan or medical supplies please don’t hesitate to contact us!

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