Medicare Beneficiaries Health Expenses Rise up to 9 Percent
Medicare beneficiaries’ health care expenses have risen as much as 9 percent, finds an Employee Benefit Research Institute study. For some couples, this amount could exceed $400,000.
The report says Medicare usually covers about two-thirds of the cost of health care services for Medicare beneficiaries ages 65 years and older. Out-of-pocket expenses account for 12 percent.
Beneficiaries are also faced with a declining percentage of private-sector companies offering retiree health benefits, rising prescription drug costs and changes to Medicare.