1980 1990 2000 2010 Average Monthly Social Security benefit payment

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Presentation transcript:

Part B and Part D Out-of-Pocket Spending as a Share of Average Social Security Benefit, 1970 – 2010 1980 1990 2000 2010 Average Monthly Social Security benefit payment $604 $772 $906 $1,001 $1,151 Average monthly out-of-pocket spending on Part B and Part D $39 $53 $111 $136 $299 NOTE: SMI is Supplementary Medical Insurance. Out-of-pocket spending includes SMI (Part B and Part D) premiums and out-of-pocket cost-sharing expenses for SMI covered services. SOURCE: Kaiser Family Foundation analysis based on data from 2012 Annual Report of the Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds.