Medicare Advantage beneficiaries saved $1,598 over traditional Medicare beneficiaries

In their State of Medicare Advantage report, the Better Medicare Alliance stated the number of Medicare Advantage plans is increasing, typically being of higher quality and yielding more cost-savings as opposed to fee-for-service Medicare.  It found on the average there are 39 plans available per county and this increased volume means that nearly all Medicare beneficiaries can access at least one Medicare Advantage plan in 2020. As a result of this access, Medicare Advantage beneficiaries saved $1,598 over traditional Medicare beneficiaries in out-of-pocket healthcare spending and also saved significantly on prescription drugs.  Read article here…

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