Health Insurance Coverage
It is important to buy the best health coverage you can afford, in order to anticipate costs of taking care of yourself and your elderly loved ones in the years to come. Prices for a personal emergency medical alert system can range from around $200 to as much as $5,000 to purchase. Added to the purchase price is a monthly monitoring fee ranging from $10 to $30. There may be additional charges.
In coverage of these costs, the following statements will come as an unpleasant surprise:
- Insurance companies are unlikely to cover the cost of a medical or personal alarm. In fact, according to inside sources, Medicare and Medicaid will not cover these.
- Insurance companies are also unlikely to reduce premiums due to the use of a medical or personal alarm.
This is an unfortunate situation. We urge users to lobby insurance companies, Medicare and Medicaid to remedy this situation. These systems have been shown, time and time again, to reduce health risks, injury and death.
The same is true for personal alarms which can reduce personal injury and loss of both health and personal goods. Insurance companies are slow to respond to the benefits of new technology, and they need to be encouraged to understand the benefits of personal alarms and personal emergency medical alert systems.
If you are thinking of purchasing these devices, take a close look at your insurance policy to find out what is covered and then, if you have the time, encourage them to cover the costs of personal emergency medical alert systems and to reduce premiums for those with these services and other personal alarms.
It is also important to keep all insurance information on hand. In case of an accident or injury, this will help medical personnel get you the appropriate treatment.