Commonwealth Fund September 22, 2020
Because of their limited incomes and high out-of-pocket expenses, many Medicare beneficiaries are in a more precarious financial situation during the COVID-19 pandemic
Medicare changes that could help include waiving cost-sharing for beneficiaries with COVID-19, opening Medicare to adults 55 to 64, limiting out-of-pocket costs, and expanding benefits
- Issue: The COVID-19 pandemic is underscoring how the benefit design of traditional Medicare can leave beneficiaries financially vulnerable.
- Goals: 1) Summarize financial challenges faced by Medicare beneficiaries before and after the pandemic; 2) identify federal measures to assist beneficiaries financially during the pandemic; and 3) recommend policy changes to ensure beneficiaries with COVID-19, and potentially all beneficiaries, have affordable access to care.
- Methods: Use 2017 Medicare Current Beneficiary Survey...