Prosthetic limbs are incredibly costly. Some estimates put the cost of a new prosthetic leg between $5,00 to $50,000. Couple this with the fact that even the priciest prosthetic limbs are only meant to last 3 to 5 years at a maximum, and you can quickly see why prosthetics are incredibly expensive. The problem is that prosthetics are typically something that a person must have to retain normal function. They allow an individual to walk, to manipulate objects, and to become as functionally normal to a person with all their limbs as possible. Without these things, it may be impossible for an individual to lead a normal life. Here are five tips that can help with managing the cost of prosthetics.
Acquire Comprehensive Health Insurance
While not all health insurance companies will cover the costs associated with creating a new prosthetic limb, they will generally help with other costs associated with it. This can include the costs associated with hospitalization, rehabilitation, doctor visits and more. Acquiring health insurance prior to losing a limb benefits the patient greatly. If the limb has already been amputated, then acquiring health insurance can help with future medical costs. Some health insurance policies will even cover a portion of the cost of a new prosthesis.
Try to Save in Advance
Replacing a prosthetic is incredibly costly, but you can likely estimate how long your current prosthetic will last before it breaks down. Saving money in advance can make purchasing a new prosthetic significantly more affordable. Given the duration prosthetics last, this also gives you numerous options for how you can invest your money. You can utilize safer short-term investments like bonds or mutual funds to help you accrue more for your next prosthesis.
Opt for a Functional Prosthesis
There is often a correlation between the expense of a prosthesis and how close it looks to a real limb. While the more realistic limbs do provide a better sense of self-esteem, they may not always be financially viable. Opting for a more functional prosthesis will generally cost less than opting for one that focuses on aesthetics. By managing the cost in this way, it can be possible to retain a higher degree of function without having to forgo the ability to buy a prosthesis.
Consider a Loan
The main problem with the cost of prosthetics is the large cost of having a prosthesis made. Not only does it need to be made to fit the person who will use it, but it also needs to have the maximum compatibility with the person’s body in terms of function and looks. A loan can help offset the cost of a prosthetic limb over a period of time. This can make it more viable while costing between 10 to 15 percent more.
Hire an Attorney
If you had insurance at the time or your injury or the fact that you lose your limb was someone’s fault, then you should hire an experienced attorney to help you. An experienced attorney, such as those from McLaughlin & Lauricella, P.C., can help work with you to get the monetary compensation you deserve. This can include money for your medical bills, rehabilitation, a new prosthetic and more.
Nothing about losing a limb is easy. It requires an incredible amount of effort to recover from losing a limb alongside with a small fortune. By following the advice above, you can at least lessen the financial burden of prosthetic limbs and the medical costs associated with amputation.