Medicare Advantage is saving seniors $2K annually compared to fee-for-service, study finds

Becker's Healthcare April 20, 2022
Jakob Emerson

Medicare Advantage members are spending nearly $2,000 less on out-of-pocket costs and premiums annually compared to fee-for-service Medicare beneficiaries, according to a new study from the Better Medicare Alliance.

The study, released April 19, was conducted by ATI Advisory and is based on 2019 Medicare Current Beneficiary Survey data.

Six key takeaways:

• Medicare Advantage beneficiaries report $1,965 less in total annual health spending than those with fee-for-service Medicare plans. The difference in out-of-pocket savings grew by $325 since 2018.

• Cost savings from Medicare Advantage persist across race and ethnicity. Black beneficiaries spend an average of $1,104 less, Latino beneficiaries spend an average of $1,421 less and white beneficiaries spend an average of $1,879 less.
...

Today's Sponsors

Today's Sponsor