Pros - Quicken Medical Expense Manager
- Keep all medical information in one place: create individual medical and prescription histories, keep records of past bills and payments, maintain important contact information.
- Simple data entry in a well-organized, easy-to-use interface; see details of transactions at a glance.
- Use improved prewritten dispute letter templates to dispute insurance issues or incorrect billings.
- Monitor flexible spending account contributions and benefit plans.
- Automate medical records for everyone in your household. Once you enter the data, use Reports to analyze, Find to search for an expense, click on Providers or Insurers for quick contact information such as phone numbers and email addresses.
- Track insurance payments to ensure maximization of benefits. Identify potential tax deductions including mileage, prescriptions and insurance premiums.
- Quickly find information: Sort, search and view reports based on criteria such as family member, medical provider, injury or illness, insurance, status, and date.
Cons - Quicken Medical Expense Manager
- No integration with Quicken or TurboTax. Medical expense payments recorded in Medical Expense Manager will not export to other applications since it is a stand-alone product. However, because of the detail Quicken Medical Expense Manager tracks, you can enter medical payment transactions in your personal finance application under a single category for minimal data entry. Print out and enter data from the Tax Deduction report into income tax preparation software, or give the report to your tax preparer.
- No data sharing for those who use two computers. Data file must be shuffled back and forth between two computers to share data, creating potential for error. Best to stick with using Quicken Medical Expense Manager on one computer.
Bottom Line on Quicken Medical Expense Manager
Quicken Medical Expense Manager ensures that you are being billed only for services received and that insurance companies are covering all the costs outlined in policies. The features in version 2 make tracking health care costs easier than before, with the cost of the program being recouped in time savings alone. I think Quicken Medical Expense Manager is a winner.
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