Silver Book Fact

Medical expenditures of older Americans, 2013

The average out-of-pocket cost for health care expenditures for older Americans in 2013 was $5,069.

Administration on Aging. A Profile of Older Americans: 2014; 2015. http://www.aoa.acl.gov/Aging_Statistics/Profile/2014/docs/2014-Profile.pdf. Accessed July 1, 2015

Reference

Title
A Profile of Older Americans: 2014
Publication Date
2015
Authors
Administration on Aging
URL
Read Full Resource

Categories

  • Today's Older Population

Related Facts

  • 65 and older population since 1900
    Since 1900, the 65 and older population has doubled 3 times.  
  • Out-of-pocket health care expenditures for older Americans, 2009
    In 2009, older Americans had average out-of-pocket health care expenditures of $4,846–an increase of 61% since 1999.  The average for Americans of all ages was $3,126.  Older Americans also spent…  
  • Income of households headed by older adults
    In 2013, households headed by persons 65+ had a median income of $51,486.  
  • Medicare payments for older adults, 2008
    Of enrollees aged 65 and over, Medicare paid for 60 percent of their health care costs in 2008.  
  • Older adult population increase between 2003 and 2013
    In 2003, the older adult population (those 65 and over) was 8.8 million. In 2013, this number increased 24.7% to 44.7 million.