Silver Book reference

Out-of-Pocket Spending on Health Care by Medicare Beneficiaries Age 65 and Older in 2003

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    • Out-of-Pocket Spending on Prescription Drugs by Medicare beneficiaries, by Presence of Prescription Drug Coverage, 2003  
    • Average Out-of-Pocket Spending on Health Care by Medicare Beneficiaries, by Type of Supplemental Coverage, 2003  
    • Average Out-of-Pocket Spending on Health Care by Medicare Beneficiaries, by Income as a Percent of Federal Poverty Level, 2003  
    • Out-of-Pocket Spending on Health Care by Medicare Beneficiaries, by Type of Expenditure, 2003  
    • Out-of-pocket spending on health care tends to rise with income. Medicare beneficiaries with incomes above 400% of poverty spent an average of $3,785, which is the highest among the income…  
    • In 2003, Medicare beneficiaries with excellent health spent $2,845 (16% of their income) on health care.  
    • In 2003, Medicare beneficiaries in fair or poor health had the highest average out-of-pocket health care costs of the health status groups, both in dollars and % of income ($4,000…  
    • In 2003, Medicare beneficiaries age 65-74 had the lowest out-of-pocket expenses as a percent of income (18%), while beneficiaries age 85 and older had the highest (30%).  
    • Average out-of-pocket health care spending tends to increase with age. Medicare beneficiaries age 65-74 spent $2,920 out-of-pocket in 2003, while beneficiaries age 85 and older spent $4,615.  
    • Medicare beneficiaries over age 65 and 85 in 2003
      51% of non-institutionalized Medicare beneficiaries age 65 and older in 2003 were between 65 and 74 years old; 12% were age 85 and older.  
    • Spending on prescription drugs by non-institutionalized Medicare beneficiaries age 65 and older averaged $830 (24% of out-of-pocket spending) in 2003.  
    • In 2003, 45% of beneficiaries’ total out-of-pocket health care expenses were for premiums for Medicare Part B, private Medicare plans (primarily HMOs) and private supplemental insurace.  
    • Non-institutionalized Medicare beneficiaries age 65 and older spent an average of $3,455 (22% of their income) on healthcare in 2003.