Learning you have diabetes was a life-changing moment. You knew right away that you would have to prioritize your health like never before. Now you’re enrolling in Medicare and you have questions. Does senior Medicare insurance offer the coverage you need to continue attending appointments and receiving equipment and supplies without taking on a large financial burden?
Diabetes and Older Adults
Diabetes affects over a quarter of the aging population, so you aren’t alone in asking that question. According to the 2014 National Diabetes Statistics Report from the Center for Disease Control and Prevention (CDC), over 29 million people are affected by diabetes. Over 25 percent of those affected are over the age of 65.
Diabetes is a serious condition. Left untreated, it leads to kidney failure, high cholesterol, nerve damage, heart attack and stroke. In fact, receiving a diabetes diagnosis means you have double the risk of heart attack, and you’re four times as likely to suffer a stroke.
In 2010, diabetes was the seventh leading cause of death in the U.S. However, since complications may have been listed as the cause of death on the death certificate, this number could be much higher. All in all, you know that your senior Medicare insurance has to provide the comprehensive care you need to manage your condition so you can continue to overcome challenges and thrive, even with your condition.
Medicare’s Standard Diabetes Coverage
When you obtain senior Medicare insurance, Part B and Part D will cover a portion of the costs involved with diabetes treatment.
With Part B coverage, Medicare pays for glucose, glucose tests, lancet devices, lancets and insulin that is used with an insulin pump. Of course, you will have to pay a portion of the Medicare-approved amount for all of these supplies, categorized as durable medical equipment. You will also need to get a prescription from your doctor and use an authorized supplier.
If you are enrolled in Part D, this portion of the plan will cover insulin for injections and all the supplies you need, such as syringes, needles, alcohol swabs, and gauze. Part D also covers certain prescribed diabetes medications.
Do You Need a Supplemental Plan?
Your portion of senior Medicare insurance cost-share will vary based on the amount of supplies and medications you need to purchase in order to treat your diabetes. Also, consider the amount you will be responsible for in the event you may need additional outpatient services, home health care or physical therapy. Depending on your financial situation, you may find it beneficial to purchase a supplemental plan to control your out-of-pocket costs.
Get an in-depth look at what a supplemental plan has to offer you. Talk to a senior Medicare insurance specialist today when you get in touch with the team at My Senior Health Plan. Managing diabetes can be stressful, but managing your healthcare plan doesn’t have to be. My Senior Health Plan is here to help.