Health Payer Intelligence March 30, 2021
For low-income beneficiaries, the Medicare Advantage cost burden proved to be nearly half as prevalent as the cost burden for traditional Medicare beneficiaries.
The Medicare Advantage cost burden—or the number of individuals for whom healthcare costs absorb 20 percent or more of their income—is lower than the fee-for-service Medicare cost burden even though Medicare Advantage beneficiaries are slightly more likely to have a chronic illness, a report commissioned by Better Medicare Alliance found.
“This report adds to the evidence that Medicare Advantage provides critical cost protections to beneficiaries relative to Traditional FFS Medicare, while maintaining quality and access to care,” the report stated.
In 2017, over half of all Medicare Advantage beneficiaries were living on 199 percent of the federal...
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