News Report | March 28, 2023
Traditional Medicare Beneficiaries Spent An Average Of $6,663 On Premiums & Health Care Services In 2019
One in 10 traditional Medicare beneficiaries spent approximately 52% ($11,767 minimum) of their income on health care. In 2019, half of those with traditional Medicare spent at least 16% percent of their income on health care, and the top 25% of spenders paid an average of $15,449.
Medicare beneficiaries in original Medicare (Part A, B, and D) spent an average of $6,663 out-of-pocket on insurance premiums and health care services during 2019. The out-of-pocket spending includes $3,195 in premiums; $1,584 for cost-sharing for Medicare covered services; and $1,884 for . . .