Three key findings from the March 10 study:
- Medicare enrollees with Medicare Supplement coverage, or Medigap, were three times less likely to face issues paying their medical bills compared to enrollees without Medigap policies. Only 4 percent of enrollees with Medigap had issues paying their medical bills over the last year, compared to 12 percent of fee-for-service Medicare enrollees that do not have Medicap.
- Among Medicare enrollees without additional insurance coverage, 53 percent had Medigap coverage in 2020.
- From December 2017 to December 2020, the percentage of Medicare recipients who enrolled in Medigap increased from 35 percent to 39 percent.
“Medigap protects the health and financial well-being of millions of seniors,” said Jeanette Thornton, AHIP senior vice president of product, employer and commercial policy. “Because it covers out-of-pocket costs that original Medicare doesn’t, it’s an important resource that helps enrollees budget for medical expenses. As a result, more seniors are choosing these plans — and they are benefiting from the additional protection they offer.”
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
