HSAs are an important tool for covering out-of-pocket health care expenses, especially at a time when four in 10 people say they can't cover a $400 emergency expense. (Photo: Getty)
Health care costs are a major concern for employees of any age, but their mindset toward managing these expenses varies by generation.
Millennials are more likely to ask for cost estimates prior to service than baby boomers—and they are a lot less likely to budget for health care expenses or pay their medical bills in full. Meanwhile, the majority of Gen Xers want to live past the age of 90, yet nearly half skip care when they are sick or injured so they can avoid the cost of care.
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