Think insurance is the best way to cover the cost of treating sleep apnea? Think again.
The most common question we get at Lofta is, "Does my insurance cover this?" It's a great question and one we are eager to answer and explain.
Lofta was founded to simplify the process of getting diagnosed and treated for sleep apnea. We’ve found that insurance requirements can unnecessarily complicate an experience that should be simple. Time after time, our clients have discovered that once they take into consideration co-pays, deductibles, stipulations, and requirements, Lofta is a better way to get on the path to better sleep quickly and easily.
So, the simple answer is no, we do not accept insurance although we do accept FHA/HSA. As pointed out in the article below, insurance has proven to be a very cumbersome and exhausting experience that oftentimes results in higher-than-expected out of pocket costs that far exceed those of a direct-to-consumer approach.
"Last March, Tony Schmidt discovered something unsettling about the machine that helps him breathe at night. Without his knowledge, it was spying on him.
From his bedside, the device was tracking when he was using it and sending the information not just to his doctor, but to the maker of the machine, to the medical supply company that provided it and to his health insurer.
Schmidt, an information technology specialist from Carrollton, Texas, was shocked. “I had no idea they were sending my information across the wire...”
"...As many CPAP users discover, the life-altering device comes with caveats: Health insurance companies are often tracking whether patients use them. If they aren’t, the insurers might not cover the machines or the supplies that go with them.
In fact, faced with the popularity of CPAPs, which can cost $400 to $800, and their need for replacement filters, face masks and hoses, health insurers have deployed a host of tactics that can make the therapy more expensive or even price it out of reach.
Patients have been required to rent CPAPs at rates that total much more than the retail price of the devices, or they’ve discovered that the supplies would be substantially cheaper if they didn’t have insurance at all.
Experts who study health care costs say insurers’ CPAP strategies are part of the industry’s playbook of shifting the costs of widely used therapies, devices and tests to unsuspecting patients."
Read the full article here.
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