Kaiser Family Foundation Survey on Medicare Advantage
Findings from the Kaiser Family Foundation's survey on Medicare Advantage are reviewed by Jae Oh, author of Maximize Your Medicare.
Key Takeaways
- When comparing Medicare Advantage to Original Medicare costs, always factor in Medigap supplemental insurance premiums, which Original Medicare enrollees pay continuously but aren't reflected in Kaiser's hospitalization cost analysis
- Calculate your own cost-benefit analysis by considering your average hospital stay frequency and length—many people never get hospitalized or only stay once every several years, which dramatically changes the financial comparison
- Don't rely solely on published reports showing Medicare Advantage higher costs during hospitalization; consider the cumulative Medigap premiums you'd pay during non-hospitalization years to get the true total cost picture
- Your location, financial situation, and personal health history are critical variables that the general Kaiser data doesn't capture, so customize any analysis to your specific circumstances before choosing a Medicare plan
Kaiser Family Foundation Survey on Medicare Advantage: In this video, findings from the Kaiser Family Foundation's survey on Medicare Advantage are reviewed by Jae Oh, author of Maximize Your Medicare.
On September 16, 2022, the Kaiser Family Foundation (KFF) released a report titled Beneficiary Experience, Affordability, Utilization, and Quality in Medicare Advantage and Traditional Medicare: A Review of the Literature. The report reviewed 62 studies published since 2016 that compare Medicare Advantage (MA) and traditional Medicare on a number of measures, including “beneficiary experience, affordability, utilization, and quality [and] finds few differences that are supported by strong evidence or have been replicated across multiple studies” according to a press release accompanying the report.
Watch this video to learn about the Kaiser Family Foundation Survey on Medicare Advantage. Find more videos about Medicare on finStream TV at this link: https://www.finstream.tv/videos/medicare/
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