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Fall 2023  Volume 15, Number 3        

This Just In ...

Navigating Healthcare Costs Post-Pandemic: What You Need to Know

With the Covid-19 public health emergency behind us, you may notice a change in your healthcare costs, particularly regarding virus testing. Experts have pointed out that we’ve returned to the pre-pandemic American health system, where coverage and costs can be more intricate and demanding.

Before the end of the emergency, your insurer was obligated to reimburse you for up to eight at-home Covid tests per month. If you have private insurance, you might no longer be eligible for these free tests. However, some insurance providers may still choose to cover them.

As a Medicare recipient, you’re no longer guaranteed free at-home tests. Covid tests conducted at a doctor’s office should remain fully covered if you’re under traditional Medicare. However, you may have to pay for the medical visit itself.

If you’re a Medicaid recipient, you can still access free at-home Covid tests until September 2024. The new prices largely depend on your insurance plan, but the average cost of an at-home rapid test hovers around $11. However, if the test is associated with a doctor’s appointment, it could cost as much as $150.

Managing New Costs and Seeking Resources

You can manage this new landscape of costs effectively. Start by meticulously reviewing your health plan benefits to understand what’s covered and potential costs. Given the fluctuating prices of over-the-counter Covid tests, shopping around and comparing prices is a good idea.

Also, it’s critical to ensure that any in-office test you get is from a doctor within your insurance network to avoid unexpected charges.

Free Covid tests will likely still be available, and you can use resources like the Centers for Disease Control and Prevention website to locate providers offering these tests for free. Also, some states have legislated that certain insurers should continue providing free tests even after the end of the public health emergency.

Vaccines, including boosters, should remain free for most. If you’re on Medicaid, virus treatments will be free through September 2024.

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In this issue:

This Just In... Navigating Healthcare Costs Post-Pandemic: What You Need to Know

Unraveling the Mystery of Life Insurance to Safeguard Your Family’s Financial Future

Surviving the Retirement Healthcare Hike: Practical Tips for the Modern Retiree

Stretching Your Retirement Dollars: Factors to Consider Before Retiring Overseas

Avoid These Common Mistakes for a Stress-Free Retirement




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