True or False? The Average Home Equity of Medicare Beneficiaries is just over 10K

According to a new report by the health-care nonprofit, Kaiser Family Foundation, one in four Medicare recipients has less than $12,250 in home equity. While a small share of the Medicare population lives on relatively high incomes, most are of modest means, with half of the people on Medicare living on less than $23,500 in 2013.

The report cites how our income disparity distribution will affect Medicare beneficiaries well into 2030 with only a few ending up enjoying high equity and assets. This means as policy makers consider decreasing federal Medicare spending to meet the deficit, there are questions as to whether or not the next generation Medicare beneficiaries as whole, will be able to bear a larger share of costs. Mary Ann Doucette is President of Doucette Medical Supply, Ltd. aka Doucette Medical Supply, LLC

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s