Is over $15,000 on average affordable health care for an American couple age 65 plus? A couple turning 65 today no purchasing supplemental coverage no Part D coverage could daily have premiums alone costing $8,976 per year.
The short answer is that the average American with “original Medicare” (Parts A and B) can expect to pay a total of $7,620 out of pocket for healthcare expenses this year. However, that number doesn’t tell the whole story. Some of this amount comes from Medicare premiums, and some includes various costs such as prescription medications. In addition, total healthcare costs vary considerably by age and overall quality of health.
What is really curious is that a couple age 60 earning what many on Medicare earn could be paying far less in total costs when the premium tax credit and the supplemental assistance with out-of-pocket costs is considered.