Dealing with kidney failure is stressful enough on its own. This is compounded by the costs and multiple hours of sessions per week that dialysis treatment entails, and it becomes even more challenging. If you have been diagnosed with kidney disease, we understand this is a difficult time for you and we want to help.
Despite the fact that dialysis can be expensive, these high costs should not prevent any dialysis patient from receiving care. there are several ways to pay for treatment if you cannot afford it. We’ve put together a list of resources on how to pay for dialysis so you can focus on your health and wellness.
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how much does dialysis cost?
The exact costs of dialysis treatment vary widely. For most patients, the federal government covers 80% of all dialysis costs. Although federal health insurance covers most dialysis costs, 20% still falls on the patient. for patients without health insurance, dialysis is an even higher expense. a dialysis treatment usually costs around $500 or more. for the usual three treatments per week, that would equate to more than $72,000 per year.
how to pay for dialysis: five resources
Even though dialysis is expensive, help is within reach. our team has compiled a list of resources ranging from federal and state programs to non-profit organizations that will help pay for kidney failure treatment.
1. medical insurance
Medicare, a federal health insurance program, is available to people of any age who require dialysis. Medicare Part A covers the costs if you receive dialysis after going to the hospital. Medicare Part B covers outpatient physician services. A dialysis patient is responsible for managing premiums, coinsurance, copays, and annual deductibles on her own behalf. So how much does dialysis cost?
medicare part a
- In 2020, the annual deductible is $1,408 for Medicare Part A. this covers the first 60 days of hospitalization in a benefit period. US Centers for Medicare & Medicaid Services reports that about 99% of Medicare beneficiaries do not have a premium for Medicare Part A.
- In 2020, the annual deductible was $198 for medicare part b. the monthly premium was $144.60. After you pay deductibles and premiums, Medicare generally covers 80% of the costs and you cover the remaining 20% of the cost of your dialysis treatment.
- Social Security Disability Insurance (SSDI) provides monthly funds to people who are unable to work and have paid enough Social Security taxes. SSDI may be an alternative for those who have an illness or injury that SSDI believes will prevent a person from working for at least a year. there is a five month waiting period before receiving ssdi payments.
- Supplemental Security Income (SSI) provides monthly funds to disabled adults and children who lack income and other financial assets. a person who receives ssi may also be eligible for medicaid and food stamps.
- There are no long waiting periods to get your funds, which can be deposited directly into your or your beneficiary’s bank account.
- there is no application process.
- You can easily share your online fundraiser with friends and family on social media, in email, or via text.
- You can reach people beyond your friends and family.
medicare part b
Medicaid provides free or low-cost health coverage for low-income families and children, seniors, pregnant women, and people with disabilities. Each state has its own Medicaid program that adheres to rules set by the federal government. Medicaid can pay for services that Medicare doesn’t cover.
3. the social security administration
Another federal program that may provide financial assistance is the Social Security Administration through its two programs:
4. crowdfund for dialysis costs
Even with financial assistance from federal and state programs, the cost of dialysis can still be overwhelming. If you or someone you know needs additional support, consider crowdfunding. With crowdfunding, you can quickly and easily raise funds for dialysis treatment. crowdfunding has many benefits:
Asking for help is not an easy task, but crowdfunding removes some of the fear and pressure. Countless people start medical fundraisers on GoFundMe every day, raising money for everything from surgery costs to expensive long-term medical treatment. Before you start yours, learn how to successfully raise more money by checking out our medical fundraising tips and medical crowdfunding guide.
5. american kidney fund
the american kidney fund (akf) is a nonprofit organization that provides premium charitable assistance to low-income dialysis patients. Its Health Insurance Premium Program (HIPP) provides long-term financial assistance to people so they can pay for health insurance. akf helps patients with all kinds of insurance plans.
find help with dialysis costs today
There’s no question that dialysis treatment is expensive, but that doesn’t mean you should put a financial barrier between yourself and the care you need. Through crowdfunding, it is possible to pay for dialysis so that you can focus your time and energy on your health. tell your story and share your fundraiser with your network near you and beyond. Your friends and family want to help you more than you think, and you may be surprised by the outpouring of support from your community, both locally and nationally. all it takes is getting started.
start a gofundme