Financial Management.

Financial Management

Financial management of diabetes involves controlling expenses related to diabetes care, treatment, and supplies. Here are some tips:
1. Insurance coverage: Understand your insurance coverage and benefits.
2. Medication management: Optimize medication use to reduce costs.
3. Supply costs: Compare prices for diabetes supplies, like test strips and insulin.
4. Medical bills: Review and negotiate medical bills.
5. Budgeting: Allocate funds for diabetes-related expenses.
6. Assistance programs: Explore patient assistance programs (PAPs) for medications and supplies.
7. Discounts and coupons: Utilize discounts, coupons, and rebates for diabetes products.
8. Health savings account (HSA): Consider opening an HSA for tax-free savings.
9. Diabetes education: Invest in diabetes education to improve management and reduce cost
Proper Diabetic care is very expensive and requires intentional financial discipline. From monthly or quarterly doctor check ups that often include investigative lab testing, to required medication, it is prudent for patients to have financial literacy.
SDSC assists her cilents in creating budgets in their reach to support prioritizing their medical obligations. Remember, effective financial management can help reduce the economic burden of diabetes. If you have specific questions or need further guidance, feel free to ask!