L-R: Vincent Mor, Laura Keohane, and Amal TrivediA new study of the out-of-pocket costs seniors face for a long hospital stay followed by skilled nursing care found that Medicare Advantage plan holders, even if they had incomes just above the poverty level, typically had copays hundreds of dollars greater than the hospital deductible under traditional Medicare. The findings follow federal efforts to limit out-of-pocket costs in Medicare Advantage plans.
"Policymakers are very concerned about how much Medicare beneficiaries need to spend for essential medical services," said Dr. Amal Trivedi, associate professor of health services, policy and practice at Brown University and corresponding author of a new study in the June issue of the journal Health Affairs. "It's one of the goals of insurance — to protect people from large, catastrophic out-of-pocket expenses."
(Distributed June 9, 2015)