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Fact Based List:
KFF: Average Out-of-Pocket Spending as a Share of Social Security Income
Submitted By Anonymous, Created 02/06/2018 - 18:13
- In 2013, average out-of-pocket spending was 41% of Social Security income
- Medicare beneficiaries' spending is projected to rise to 50% of SS income in 2030
- Half spent at least 14% of total income on out-of-pocket costs in 2013
- 36% spent at least 20% of their total income on out-of-pocket costs in 2013
- Half with incomes below 20,000 spent at least 20% on out-of-pocket costs in 2013
- 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...