The Washington Post reports that a single day of life support in an intensive care unit typically costs between $2,000 and $4,000. The price varies according to the level of care that the patient requires, and 60 Minutes states that costs can skyrocket to as high as $10,000 a day.Continue Reading
According to The Washington Post, a patient on life support requires around-the-clock care from a team of nurses and physicians. The cost of life support includes the maintenance and use of hospital facilities and the operation of life-sustaining machinery. Patients on life support are bedridden for months or years at a time; therefore, preventive care and treatment of conditions, such as bed sores, adds to the cost.
Cleveland Clinic states that each situation calls for a differing degree of care. The lowest levels of life support are artificial nutrition and hydration where a patient receives sustenance through a feeding tube and IV. Typically when a person thinks of life support, he may envision the most complex levels of care, such as mechanical ventilation and kidney dialysis. These types of life support systems are used in situations where internal organs have shut down, and a patient is unable to breathe or process waste from the body on his own.Learn more about Health Insurance
As of 2015, money in a flex spending account does not cover the cost of elective cosmetic procedures that are not necessary for medical or health reasons, according to the Internal Revenue Service. Cosmetic surgery procedures needed to correct a physical deformity or treat an illness are deemed eligible.Full Answer >
A deductible is the amount of money that Medicare enrollees need to pay before Medicare starts to help cover the cost of medical needs or prescription drugs, reports AARP. Copayment is a percentage or set amount that Medicare enrollees must pay as their share of services or drugs.Full Answer >
One of the perks of being a member of United Health Care is the money saved in out-of-pocket expenses such as deductibles, copayments and coinsurance when using the health care providers within its network. Other perks include the savings in money and time when using member resources, explains UHC.Full Answer >
To choose the right insurance plan, consider convenience, cost, doctor and hospitals that accept the plan and quality of care under the plan. It is prudent to evaluate the insurance plan each year in order to determine if it is still ideal or not, notes U.S. News & World Report.Full Answer >