Medicare Advantage beneficiaries save more money on out-of-pocket costs than Medicare fee-for-service
Medicare Advantage plan holders spend an average of $1,640 per year less than traditional fee-for-service Medicare plans.
An analysis released on Tuesday from the advocacy group Better Medicare Alliance also found that lower-income Medicare beneficiaries are more likely to choose MA over the traditional program.
Some statistics we’ve found:
Beneficiaries in MA reported out-of-pocket and premium spending of $3,354 a year in 2018, compared with $4,994 in fee-for-service, the analysis added. That was a $42 increase since 2017.
Researchers found that 21.9% of MA beneficiaries are eligible for Medicaid compared to 15.3% of traditional fee-for-service Medicare.
Another 96% of MA beneficiaries find it easy to get to a doctor, compared with 94.5% for traditional Medicare.
The analysis comes as Medicare Advantage programs are expected to increase over the coming years and has become a key part of insurers’ portfolios.
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