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Dealing with diabetes is a daily struggle. It’s a chronic disease that affects individuals differently. Therefore, each person has different requirements to manage it. People with diabetes incur average medical expenditures of $16,752 per year. About 1 in ten Americans have diabetes, which equals approximately 37.3 million people. Taking these facts into consideration, you can only imagine how many people must struggle to afford medication or treatment for their diabetes. 

Many people end up in the hospital due to the lack of essential medications and supplies. That’s a situation you can avoid, thanks to the many resources that are available. If you need assistance or are finding it difficult to afford to maintain your diabetes, don’t worry because there are options like guaranteed diabetes financing

1. Health Insurance

Health insurance can help you cover the costs of medication and supplies. Doctor appointments, medicine, and supplies can add up to a hefty bill. Getting insurance will ease your costs and benefit you. There are many diabetes financing options available at different rates which might fit your budget. 

Private Health Insurance

You can get private insurance by contacting an insurance company that offers medical coverage. Some employers provide insurance, so you can check if it’s available with your company. Most firms will make a deduction from your paycheck in return for insurance coverage. 

Not all insurance policies cover 100% of your medical bill, so be sure to read the fine print and understand the coverage for each service. Your insurance company may cover 50% of your medication bill but only 30% of your optometrist’s bill. You could sometimes pay a higher monthly premium to receive more coverage. Explore your options before signing with an insurance company. 

Federal or State Insurance

Depending on your income, age, and other factors, you may qualify for insurance provided by the federal or state government. Some low-income families qualify for this coverage along with other specific requirements. Each state has its policies, so you can explore what your state offers online to see if you’re eligible. 

2. Savings Accounts

Having health insurance doesn’t mean all your diabetic needs will be affordable. Although an insurance company will cover a percentage of your bills, diabetes can be very costly. It might require you to still pay a heavy amount out of your pocket. 

Setting money aside can help you prepare for unexpected situations and large payments. You can gradually set aside money in a Health Savings Account (HSA) or a Flexible Spending Account (FSA). These accounts allow you to contribute a portion of your income for tax-free savings. It’ll make it easier for you to access funds when it comes to affording diabetes care. With tax-free income set aside, you won’t have to face unnecessary deductions and can be well-prepared for an emergency. 

3. Save on Medicine

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Some pharmacies offer medication and supplies at a lower cost. You can save money on your pills or strips by comparing pharmacies and their prices. You can also ask your insurance company which medicines have higher coverage and ask your doctor to prescribe them to you. 

Another option is to ask your healthcare provider if a lower-cost drug is available. Some medicines are combined into one pill, which is more affordable. Perhaps, this may apply to you. 

You can also save on medications online or ask your local pharmacy for any discounts/coupons. Let your healthcare provider know you require financial assistance to afford diabetes medications. 

Sometimes physicians or hospitals offer programs that help cut costs. So research ways to get help in your local area.

If your healthcare provider processes payments through Denefits, then you have the option to finance all your bills. Denefits is a complete payment options provider that offers flexible payment plans. It allows patients to pay their bills in installments without putting their purchases on pause. Patients can choose Denefits as their healthcare financing option and afford diabetes treatment easily. 

4. Resources For Free Diabetes Care & Education

Doctor-Having-A-Consultation

You can visit a free clinic if affording diabetes or health insurance is unavailable to you. Free charitable clinics are available to those who can’t afford a physician or other needs regarding their diabetes. 

Specific charities also offer grants to people with diabetes. You can find these organizations online or ask a physician.

Successful diabetes management requires knowledge and education. A certified diabetes educator can help you find the resources that you need. They can also educate you on how to manage diabetes and balance your lifestyle.

Here are some options on how you can find low-cost or free diabetes education services: 

  • Call the diabetes center at your local hospital to learn about cost savings or free programs.
  • Ask a diabetes educator at your local hospital about free monthly support groups in your area.
  • Check with your town or city’s health department about diabetes education programs.
  • Participate in online communities that help people with diabetes and how to manage it.

5. Glucose Monitoring Supplies

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Diabetic patients cannot maintain healthy blood sugar levels without monitoring their glucose levels. Meters and test strips may be more affordable if you purchase them out-of-pocket instead of having your insurance cover them. 

Insurance companies will choose a higher-priced glucose meter and only cover a portion of the cost. That doesn’t necessarily make it an affordable option. 

There are companies online that sell meters and strips at an affordable rate. It means you can do your research and purchase one on your own that fits your budget and needs. 

6. Save on Healthy Eating

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Managing diabetes heavily relies on your diet. Avoid fast food as it’s high in sugar. Learn to meal prep and buy groceries in bulk so that you can access healthier options at all times. The severity of each individual’s diabetes varies. Therefore, everyone’s requirements are different. Some deal with higher blood sugar levels, while others deal with frequent low levels. Having the necessary ingredients or snacks available on hand will prevent any emergencies. Try to prepare and store meals in advance to save time and money on your food. 

Exercising is also an excellent way of managing your diabetes. It regulates your blood sugar levels and generates insulin in the body naturally. Try to implement any sort of physical activity into your daily life. 20- 25 minutes of cardio a day is sufficient. 

Endnote 

As the cost of living continues to increase, so are healthcare services and medication. Diabetic patients on insulin use about 3,000 test strips a year. Whether you have health insurance or not, the cost of being a diabetic patient is enormously high, especially considering that it’s a life-long disease. 

The most logical option is to finance your bills. Denefits understands people with diabetes because their needs are instant, but the payments don’t have to be. You don’t want to jeopardize your health or worsen the situation due to the lack of medical care and medication. 

Find a healthcare provider that works with Denefits, and have all your needs taken care of instantly! This is one of the best ways to ensure you get the help you need when you need it. You can select a flexible payment plan to decide how and when you want to pay. 

To get started, visit denefits.com or download the Denefits app!