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I Can’t Afford My Medicare Premiums. What Can I Do?

Secrets that everyone on Medicare should know if they are unable to pay their out of pocket expenses.

Medicare can be a blessing for many senior citizens 65 and up, people with permanently disabilities and individuals with End Stage Renal Disease. Medicare can not only cover the cost of inpatient hospital stays, it can also cover the expenses that are acquired from doctors visits, staying at a skilled nursing home and necessary medical supplies. Although Medicare insurance is can take the burden off of many senior citizens it can also cause some unnecessary stress for many individuals who can not afford to pay for their out of pocket expenses.

Determining what an out of pocket expense is.

An out of pocket expense can be any expense that is not covered by Medicare. Essentially it primarily makes up any deductibles and co payments as well as other services and medical supplies that Medicare do not cover. The most common uncovered cost are expenses acquired for most eyeglasses, dentures, hearing aids and home care. Medicare also will not pay for these exams as well.

Programs that help pay for out of pocket expenses.

If yourself unable to pay for your out of pocket expenses and the costs have become overbearing, there are programs available to individuals usually who are on the lower income side to help curb the cost. One plan in particular is known to most as QMB (Qualified Medicare Beneficiary). This plan will help pay some of the expenses that are acquired from Part A and Part B premiums as well as the amount for deductibles, co payments and co insurance. Depending on what state you live in the average individual monthly income can not exceed $887 and the average income for a married couple can not exceed $ 1,187. More information about this and other types of programs can be obtained by contacting your local Medicaid office.



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