KFF September 23, 2024
Health care affordability has been a longstanding concern in the U.S., including among older adults, many of whom have relatively low incomes and modest assets to help pay medical bills. Medicare offers important financial protection by providing health insurance coverage to 67 million people in the U.S., including adults age 65 or older and younger adults with long-term disabilities. Coverage of Medicare benefits is provided through either traditional Medicare or Medicare Advantage private plans. Enrollment in Medicare Advantage plans has grown rapidly in recent years, partly because most Medicare Advantage plans charge no premium (other than the Part B premium) and offer extra benefits not available in traditional Medicare such as dental, vision, and hearing benefits. Most people with Medicare...
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