2,652 beneficiaries were included (LoHD, n=1,326; controls, n=1,326). Mean (standard deviation [SD]) age was 74.7 [7.4] years, and 64.4% of beneficiaries were female. LoHD beneficiaries had higher mean [SD] Charlson Comorbidity Index (2.5 [2.6] vs. 1.9 [2.2]) and prevalence of anxiety (22.8% vs. 12.2%), dementia (12.3% vs. 2.9%) and depression (6.9% vs. 2.6%) compared with controls. At Year 1 post-index, LoHD beneficiaries had significantly higher utilization of: antidepressants (45.9% vs. 25.3%), anxiolytics (12.7% vs. 8.4%), hospitalizations (31.9% vs. 15.9%), emergency department visits (36.1% vs. 22.8%), and higher total costs ($28,863 [$36,937] vs. $13,923 [$24,146]) compared with controls, driven by higher outpatient costs ($12,285 [$14,299] vs. $6,796 [$9,720]); all p<0.001. At Years 2–3 post-index, HRU and costs remained significantly higher among LoHD beneficiaries compared with controls.