My family didn’t have cable when I was growing up, so daytime television during summer breaks from school left much to be desired. I didn’t have much interest in talk shows and I wasn’t allowed to watch soap operas, so I did what any red-blooded American kid would do: I watched The Price Is Right.
I was captivated by the flashing lights, peppy music and assortment of high-end prizes. Who wouldn’t want to win a living room set or a shiny new car? It didn’t take long for me to become an expert at Pick a Number, Hi Lo and Shopping Spree. I could quote the average retail price of laundry detergent or Nesquik with amazing accuracy. I just knew that one day, if I ever had the chance to become a contestant, I would easily win the Showcase Showdown.
Sometimes, estimating the cost of your medical care can feel a lot like playing The Price Is Right. You look at the amount of your deductible and coinsurance, and you try to figure out whether you’ll have any money left over when all is said and done. Luckily, there’s an easy way to schedule your necessary medical procedures and enjoy some savings.
Most insurance plans have an annual deductible, a set amount of money you are required to pay out-of-pocket before insurance starts to cover your medical expenses. Your deductible starts at zero at the beginning of the year, and all in-network medical visits, procedures and prescription costs are applied towards your deductible until it has been met. If you are close to meeting your annual deductible for 2016 or you have already reached it, now is the time to schedule those necessary medical procedures. You’ll enjoy maximum savings on your healthcare costs while your insurance company picks up most of the tab!
Estimating your out-of-pocket expenses for a colonoscopy can be a little tricky. Under the Affordable Care Act, screening colonoscopies and related anesthesia costs are now fully covered by Medicare and most private health insurance plans. However, you may still be responsible for associated costs such as facility fees and bowel prep. The outcome of your procedure can affect the cost as well. If a polyp is discovered during your exam, your colonoscopy is then classified as diagnostic – not screening. In this case, you could be responsible for your deductible and coinsurance.
If you are responsible for some colonoscopy-related expenses, now is the time to have your procedure. Scheduling your colonoscopy when you are close to meeting your deductible allows you to pay less money out-of-pocket than if you waited until the first of the year when your deductible renews. It also protects you against the threat of colon cancer, which can be incredibly costly to treat.
To see if you are eligible for a free screening colonoscopy, start by taking our Free Screening Quiz. If you have further questions or concerns about related expenses, call your insurance company or your doctor’s office and ask for an estimate. Your colonoscopy could me much more affordable than you expected!
Medical expenses are always a concern, but when it comes to a colonoscopy, the price is always right! Routine screening is the best way to detect colon cancer in its earliest stages when it is easiest to treat, and this could ultimately save you thousands of dollars in the long run. Scheduling your screening colonoscopy won’t win you a new living room set or a shiny new car, but it will ensure your gastrointestinal health for years to come. And let’s be honest; that’s the best prize of all!