This article by Katie Kuehner-Herbert for Benefits Pro discusses how many Americans - even those with insurance - are skipping doctor's visits because of high out-of-pocket costs.
Read the full original article from Benefits Pro.
"According to a Bankrate survey of 1,002 U.S. adults conducted by Princeton Survey Research Associates, a quarter of respondents say they have decided not to seek medical attention when they’ve need it because of the cost. Older millennials, ages 27-36, were the most likely to say this (32 percent)."
It is likely that no matter the future of healthcare law in the United States, healthcare costs will continue to rise. One option small- to mid-size employers have to help protect employees from rising costs is partial self-insurance, an innovative healthcare model that saves organizations a baseline of 12.5% on healthcare spending without sacrificing quality or making healthcare unafforable for employees. Learn more about partial self-insurance in the Nonstop Quick Guide to Partial Self-Insurance:
The information and materials herein are provided for general information purposes only and are not intended to constitute legal or other advice or opinions on any specific matters and are not intended to replace the advice of a qualified attorney, plan provider or other professional advisor. This information has been taken from sources believed to be reliable, but there is no guarantee as to its accuracy. In accordance with IRS Circular 230, this communication is not intended or written to be used, and cannot be used as or considered a ‘covered opinion’ or other written tax advice and should not be relied upon for any purpose other than its intended purpose