Fact Based List:

KFF: Average Out-of-Pocket Spending as a Share of Social Security Income

Submitted by GMcCalister on Tue, 02/06/2018 - 18:13

  1. In 2013, average out-of-pocket spending was 41% of Social Security income
  2. Medicare beneficiaries' spending is projected to rise to 50% of SS income in 2030
  3. Half spent at least 14% of total income on out-of-pocket costs in 2013
  4. 36% spent at least 20% of their total income on out-of-pocket costs in 2013
  5. Half with incomes below 20,000 spent at least 20% on out-of-pocket costs in 2013
  6. By 2030, 42% are projected to spend at least 20% of total income on OOP costs

Source: Kaiser Family Foundation
Source URL: https://www.kff.org/medicare/report/medicare-beneficiaries-o...

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