This post is about:
Quicken Medical Expense Manager V2 2008
I am just learning how to use QMEM, but have been using excel spreadsheets to track medical expenses for 18 years.
I am not able to enter the actual deductible amount applied by my insurer which appears on my EOB for a given date of service.
From the Expense Log I go to Expense Details, then to Insurance Payments to enter the amounts my insurer has paid. The 'Deductible' box does not allow me to enter anything. Instead QMEM has calculated a deductible met based on the medical expenses I have recently entered.
Since I am just beginning to enter 2008 expenses, and not doing so in order, this calculated deductible amount is not accurate.
Is there a way to enter the actual deductible applied from the EOB?
Entering deductibles from EOB Mar 04, 2008 08:57 am
This post is about: Quicken Medical Expense Manager V2 2008
While there's no doubt that QMEM is a product that could use some refinement (much of which is documented in this forum), I think that there's 2 distinct aspects that provided benefit to me:
1) It supplied discipline to my medical record keeping. When I used a spreadsheet, I could tweak and adjust the layout constantly. Yes that was "my way", but it was also NOT well thought out and rather whimsical. If one is going to do this right, it HAS to be consistent. QMEM provided that.
2) The filters provide easy sub-set reporting on my expenses. If I want to know JUST what I've paid for a certain medicine (or to a certain provider) over the years, that's easy to do.
ALSO, I have my view of the main Expense log set to "All Open" (i.e., not PAID) and "Earliest to Latest". This provides an immediate at-a-glance of what EOBs/bills have not been completed AND essentially eliminates QMEM's notorious "scrolling" problem, by removing from view most of the transactions. NOTE that "Paid" transaction can still be included in the reports ... I'm just removed then from the my "immediate concern".
THINK IT THRU! Have you explained your issue so that someone who knows nothing about you, or YOUR Quicken setup, can understand what your issue is? Are you using standard Quicken terminology, particularly with respect to FILES, ACCOUNTS and CATEGORIES?
New Question: correctly allocating 'my responsiblity' for out of network providers May 02, 2008 05:26 am
This post is about: Quicken Medical Expense Manager V2 2008
OK, I'm back to entering expenses, and I see the benefit of begin able to track how much I actually paid the provider, versus how much I should owe (better than my spreadsheet).
However, I'm having difficulty getting the correct numbers for out of network providers. The example is a lab test, provided by an out of network lab. I pay the entire cost up front ($295). Insurance allows $160.00, and pays me $104.00. So my actual responsiblity is $191.00, which I have already paid on the date of service. QMEM keeps telling me that the provider now owes me $135.00, which is incorrect. I've read the help section on how to enter out of network expenses, and I cannot get this to work.
Entering deductibles from EOB May 06, 2008 04:14 am
This post is about: Quicken Medical Expense Manager V2 2008
I totally agree that it is essential for this software to track deductibles properly ! The options for the "amount allowed" to be paid to 'me' or 'provider' need to also include 'applied to deductible' - that seems simple enough. Then there needs to be an option for the remaining amount to be broken down further into 'insurance write off' and/or 'my responsiblity.' This is quite a typical breakdown for all 4 of the major Insurers (BC/BS, Cigna, Unicare, Aetna) - and it makes no sense for this software to NOT allow for such input. If I am incorrect and this software does permit me to track these components of my EOB's, please educate me. Thank you!!
Unfortunately, Beshert, Intuit has ignored your thoughtful suggestions, since it appears that the last time QMEM was "updated" was when it was released in October, 2007. As it exists, QMEM NEVER calculates my deductible accurately. The caveat in the "Deductible Report" that these expenses are "estimated" is sadly lacking. Come on, Intuit, get with it and make these simple changes in input function so that my data is correct.
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