|
Some data on MA vs Medicare enrollment
06-10-2019, 08:02 AM
|
#1
|
Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,580
|
Some data on MA vs Medicare enrollment
This is an interesting short analysis by KFF of the breakdown of traditional Medicare vs Medicare Advantage for new enrollments. Just under 1/3 choose MA when first eligible, but it varies widely across the country. Lots of data, broken down by demographic. https://www.kff.org/medicare/issue-b..._hsmi=73475680
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
06-10-2019, 08:26 AM
|
#2
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2011
Location: NC Triangle
Posts: 5,807
|
Thanks for posting, it’s interesting. The article focuses on Medicare Advantage as advertised in the title but I didn’t see any reference to Medigap/supplements. I wonder if those were just left out or are considered part of Traditional Medicare?
My still-incomplete understanding of the system is that a major choice on turning 65 is Advantage vs Supplement.
__________________
|
|
|
06-10-2019, 08:40 AM
|
#3
|
Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,580
|
Quote:
Originally Posted by steelyman
Thanks for posting, it’s interesting. The article focuses on Medicare Advantage as advertised in the title but I didn’t see any reference to Medigap/supplements. I wonder if those were just left out or are considered part of Traditional Medicare?
My still-incomplete understanding of the system is that a major choice on turning 65 is Advantage vs Supplement.
|
Here’s some KFF data on MediGap https://www.kff.org/medicare/issue-b...across-states/
Quote:
One in four people in traditional Medicare (25 percent) had private, supplemental health insurance in 2015—also known as Medigap—to help cover their Medicare deductibles and cost-sharing requirements, as well as protect themselves against catastrophic expenses for Medicare-covered services.
|
So, that means 29% choose Medicare Advantage, 18% choose traditional Medicare with MediGap, 24% have traditional Medicare with employer paid MediGap, 13% have traditional Medicare with Medicaid, and 16% have only Medicare A and B.
|
|
|
06-10-2019, 08:46 AM
|
#4
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2007
Posts: 9,951
|
I personally see the numbers starting to switch towards MA with a not so subtle push from the government. I believe the powers that be have decided MA is the wave of the future.By that I mean the government and the insurance companies want to write MA policies.
The 24% with employer paid, I would be surprised if everyone has Medigap, I bet more then a few have a MA plan.
|
|
|
06-10-2019, 09:03 AM
|
#5
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2011
Location: NC Triangle
Posts: 5,807
|
Quote:
Originally Posted by MichaelB
Here’s some KFF data on MediGap https://www.kff.org/medicare/issue-b...across-states/
So, that means 29% choose Medicare Advantage, 18% choose traditional Medicare with MediGap, 24% have traditional Medicare with employer paid MediGap, 13% have traditional Medicare with Medicaid, and 16% have only Medicare A and B.
|
Thanks again!
And, for my Daily Double, I’ve just signed up for some KFF email offerings.
__________________
|
|
|
06-10-2019, 09:08 AM
|
#6
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2011
Location: NC Triangle
Posts: 5,807
|
Quote:
Originally Posted by ivinsfan
The 24% with employer paid, I would be surprised if everyone has Medigap, I bet more then a few have a MA plan.
|
That will be the case for me when the time comes (assuming no changes from employer’s current setup, a big assumption).
__________________
|
|
|
06-10-2019, 09:46 AM
|
#7
|
Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,580
|
Quote:
Originally Posted by ivinsfan
The 24% with employer paid, I would be surprised if everyone has Medigap, I bet more then a few have a MA plan.
|
The analysis states the 24% is just Medicare Supplemental plans. No doubt some of the 29% of Medicare Advantage is also employer paid, but it’s not broken out.
|
|
|
06-10-2019, 10:23 AM
|
#8
|
Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,948
|
Not to derail the thread, but does anyone have a good source comparing average Medigap pricing by state?
I ask this because for fun (I am a few years away) I compared prices in NY (where I currently reside) and TN (one of many states I cam considering post retirement) and the prices were dramatically different. What I am trying to better understand is how much of that is due to NY's community rated pricing vs how much is just due to a higher COL location.
|
|
|
06-10-2019, 10:31 AM
|
#9
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,003
|
Quote:
Originally Posted by copyright1997reloaded
Not to derail the thread, but does anyone have a good source comparing average Medigap pricing by state?
|
I'm not aware of anywhere to get state-by-state comparisons, but this site will let you get a quick quote of Medicap costs by individual zip code and age. https://www.bestmedicaresupplement.com/
__________________
Numbers is hard
|
|
|
06-10-2019, 11:07 AM
|
#10
|
Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,948
|
Quote:
Originally Posted by REWahoo
|
Thank you. I just did a search using my zip and a random knoxville TN zip....about $100 less per month for the typical plan F in TN.
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|