What do Medicare beneficiaries spend for care?

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Thursday, May 25, 2017

WASHINGTON – More than one-quarter of Medicare beneficiaries, or 15 million people, spend 20% or more of their incomes on premiums plus medical care, according to a new report from the Commonwealth Fund. Overall, beneficiaries spent an average of $3,024 on out-of-pocket costs. Of that, more than one-third was spent on cost-sharing for care, 25% on prescription drugs, and 39% on services not covered by Medicare, including dental and long-term care. The study also found that one-quarter of beneficiaries are underinsured, spending at least 10% of their total annual income on medical care, excluding premiums.

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