With inflation driving up the cost of everything from food to fuel, people have valid reasons to be concerned about their budgets. But thanks to the Medicare Advantage program’s dependability, affordability, and high-quality coverage year after year, nearly 30 million Americans can maintain peace of mind when it comes to their health care needs.
Medicare Advantage premiums continue to drop while access to benefits expands. In 2022, average Medicare Advantage premiums decreased another 10% — just $19 a month — and out-of-pocket costs are capped.
Not only that, but 96% of Medicare enrollees have access to Medicare Advantage plans that include prescription drug coverage and have no premium — up substantially from 81% just five years ago. About 50% of Medicare-eligible Americans choose to enroll in Medicare Advantage, and 74% say their ability to afford health care would be impacted if their Medicare premiums increased.
In addition to its affordability, Medicare Advantage also offers extensive benefits. Not only do most Medicare Advantage plans include prescription drug coverage, but they also include benefits that original Medicare doesn’t cover, such as integrated vision, hearing, dental, wellness programs, and in-home caregiver support.
These benefits help seniors and people with disabilities stay healthy through preventive care measures, benefits that address social barriers to health, and innovative health care options like telehealth.
The program delivers another important benefit that goes beyond enrollees: Medicare Advantage is helping drive down costs for taxpayers. The more people who enroll in Medicare Advantage, the slower costs grow for original Medicare.
These are just a few examples of the better services, better access to care, and better value that Medicare Advantage delivers – and why the program continues to receive overwhelming satisfaction from senior voters, and widespread bipartisan support in Washington year after year.