
Most Americans Don't Save Enough for
Medical Expenses
More than half of Americans say budgeting and planning for health-care
expenses is more difficult than planning for retirement and other life changes.
Moreover, this 61 percent wants better, clearer information about their
specific health-care financial choices. Another 27 percent would take that
one step further. They want hands-on help from experts or tools to manage
health-care expenses.
John Kessler, chairman of
WageWorkers, the group that
did the survey, said health-care
consumers currently lack the
tools to manage health care the
same way they plan for retirement.
Even with all the steps and tools
introduced by health plans,
Americans still feel unprepared
to manage their own health-care
costs and don’t trust insurers to
guide them.
On average, 57 percent of Americans save for out-of-pocket health-care
costs. Of those, 20 percent use Health Savings Accounts and Flexible
Spending Accounts, which allow participants to save as much as 40
percent on medical costs.
Call us today at 1-800-344-5677 or 336-721-2029 in Winston-Salem to find
out how we can help you empower your employees to better manage their
health-care dollars.
Source: WageWorkers
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