Medicare Advantage beneficiaries save more money on out-of-pocket costs than Medicare fee-for-service

Medicare Advantage plan holders spend an average of $1,640 per year less than traditional fee-for-service Medicare plans.

An analysis released on Tuesday from the advocacy group Better Medicare Alliance also found that lower-income Medicare beneficiaries are more likely to choose MA over the traditional program.

Some statistics we’ve found:

Beneficiaries in MA reported out-of-pocket and premium spending of $3,354 a year in 2018, compared with $4,994 in fee-for-service, the analysis added. That was a $42 increase since 2017.

Researchers found that 21.9% of MA beneficiaries are eligible for Medicaid compared to 15.3% of traditional fee-for-service Medicare.

Another 96% of MA beneficiaries find it easy to get to a doctor, compared with 94.5% for traditional Medicare.

The analysis comes as Medicare Advantage programs are expected to increase over the coming years and has become a key part of insurers’ portfolios.

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References:

Robert King, March 30, 2021, < https://www.fiercehealthcare.com/payer/bma-medicare-advantage-beneficiaries-save-more-money-out-pocket-costs-than-medicare-fee-for#:~:text=Payer-,BMA%3A%20Medicare%20Advantage%20beneficiaries%20save%20more%20money%20on%20out%2Dof,than%20Medicare%20fee%2Dfor%2Dservice&text=Beneficiaries%20in%20MA%20reported%20out,a%20%2442%20increase%20since%202017. >