The Typical Medicare Beneficiary Has Close to 70 Different Medicare Advantage and Medicare Part D Stand-Alone Plan Options for 2023 November 17, 2022 Slide The Medicare open enrollment period that runs from October 15 to December 7 each year is an opportunity for Medicare beneficiaries in traditional Medicare and Medicare Advantage to evaluate their current coverage, compare plans, and decide whether to make a change for the coming year. Beneficiaries can compare Medicare Advantage…
Selected Out-of-Pocket Costs as a Share of the Average Social Security Benefit April 29, 2022 Slide Medicare premiums and cost sharing will account for an increasing share of Social Security benefits in the future, Medicare Trustees project.
The Growth in Share of Medicare Advantage Spending April 7, 2022 Slide Earlier this week, the Biden Administration announced the final Medicare Advantage rates for 2023, which are projected to result in an average increase in Medicare Advantage plan revenue of 8.5% compared to 2022 – the highest average expected increase in recent years. Payments to Medicare Advantage plans as a share…
Monthly Part B Premiums and Annual Percentage Increases January 12, 2022 Slide The $21.60 increase in 2022 is the largest in dollar terms since the start of the program, even though premiums have risen faster in percentage terms on three other occasions in the last 20 years
Most Medicare Beneficiaries Don’t Shop Around for Coverage October 21, 2021 Slide About 7 in 10 beneficiaries say they did not compare plans during a recent open enrollment period, and some groups were even less likely to do so. Those groups include some who could be most affected by plan changes from year to year.
Half of Older Adults in Worse Health Have Reported Anxiety or Depression During the Coronavirus Pandemic October 12, 2020 Slide Older adults who are already suffering from worse health conditions and heightened risk during the pandemic are combating the additional challenge of anxiety and depression at higher rates. Learn more in this Chart of the Week.
Black and Hispanic Seniors Have Significantly Lower Savings Than White Seniors June 11, 2020 Slide In 2019, median savings among adults ages 65 and older were substantially lower for Black and Hispanic than White seniors. Approximately 1 in 4 Black and Hispanic seniors had no savings at all. Learn more in this Chart of the Week.
Long-Term Care Facility Costs Are the Largest Share of Annual Out-of-Pocket Spending by Medicare Beneficiaries January 17, 2020 Slide Long term care facility costs are the largest share of annual out of pocket spending by Medicare beneficiaries — representing 32% of their spending on services annually.
Among the Most Commonly Used Antiretrovirals Covered by Part D in 2017, 9 of 10 Had List Prices Exceeding Inflation December 18, 2019 Slide