Close Close
ThinkAdvisor

Life Health > Health Insurance > Health Insurance

Seniors Try to Shop for Care

X
Your article was successfully shared with the contacts you provided.

Many older U.S. residents ask about the cost of medical care, but few try to ask for discounts.

Extend Health Inc., San Mateo, Calif., a Medicare plan exchange operator, commissioned a survey of 377 adults ages 65 and older.

About 41% of the survey participants said they try to estimate the out-of-pocket cost of their medical care at least some of the time; about 39% of those participants believe they come up with an accurate estimate most or all of the time.

But 22% rarely or never come up with an accurate estimate, and 48% said they rarely or never ask providers how much a medical service will cost. Only 25% ask about the cost of medical services most or all of the time.