Medicare Advantage plans save beneficiaries up to $1,600 a year more than regular Medicare

Healthcare Finance News March 13, 2020
Jeff Lagasse

Low-income beneficiaries are more likely to choose Medicare Advantage, and they assume less financial burden than those in FFS Medicare.

Medicare Advantage beneficiaries report $1,598 less in total annual healthcare spending than their traditional Medicare counterparts, which is an increase in savings over the previous year’s survey figures, in which MA enrollees reported $1,276 less in total health spending than those in traditional Medicare.

The findings were released in a new data brief and fact sheet prepared for Better Medicare Alliance by ATI Advisory and based on 2017 Medicare Current Beneficiary Survey data, the most recent year available.

WHAT’S THE IMPACT

While there are many similarities between populations in Medicare Advantage and traditional fee-for-service Medicare, there are several significant differences,...

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