Given the lack of knowledge about basic health insurance terminology, providing a cheat sheet that explains how health care costs are covered might be useful for employees. (Photo: Shutterstock)
Health insurance is an invaluable — and, for companies with 50 employees or more, mandated — workplace benefit. But how impactful is your company's group health insurance plan if employees don't understand their coverage?
Policygenius surveyed 1,500 American adults from October 1 to October 3, 2019 and found that health insurance continues to be a difficult topic to understand, even for those who are employed and ostensibly receive workplace coverage.
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