Medicare Advantage and Medicare supplement plans can help low-income seniors.
Researchers at America’s Health Insurance Plans, Washington, presented data supporting that conclusion today during a press conference.
About 49% of all 2004 Medicare Advantaged managed care and private fee-for-service plan enrollees had annual incomes of less than $20,000, and about 68% of minority Medicare Advantage plan enrollees had annual incomes below $20,000, researchers said.
In rural areas, about 43% of 2004 Medicare supplement, or “Medigap,” insurance policyholders and half of rural Medigap policyholders had annual incomes under $20,000, researchers said.
What Your Peers Are Reading
Some consumer advocates and Democratic lawmakers have argued that private Medicare plans cost too much and use resources that could be better spent on beefing up basic, government-provided Medicare benefits.