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Even with the majority of today's workforce actively saving money to pay for healthcare costs, the underlying pain persists: Employees aren't saving enough money to cover out-of-pocket costs.
A recent employee survey reported that 50% of participants are anxious about healthcare costs not covered by their insurance. An alarming 46% stated they would be unable to cover $1,000 in unexpected health expenses. Lastly, 15% of individuals surveyed declared that they would have to cut their spending on essential household items to pay their medical bills. Employees feel generally stuck, anxious, and overwhelmed by benefits choices, which yields inaction.
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