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Medicare Out-of-Pocket Expenses

Here Are the Medicare Out-of-Pocket Expenses That Cost Beneficiaries the Most Published by Roxanne Anderson • Jun 23, 2020 Do you know what your Medicare clients likely spend the most money on out of pocket? Do your clients know what out-of-pocket costs they can expect with Medicare? The stats are in! Medicare can cover a lot of health care services and prescription medications, but it doesn’t cover everything. A late 2019 report from the Kaiser Family Foundation found that, on average, Medicare beneficiaries spent $5,460 out of their own pockets for health care in 2016. The report also breaks down this total into individual cost categories. We’ll summarize what researchers found below, as well as give you some strategies for helping your clients minimize their out-of-pocket expenses! Please note that all out-of-pocket spending statistics in this article come from the Kaiser Family Foundation’s “ How Much Do Medicare Beneficiaries Spend Out of Pocket on Health Care? ” repo...