Employees Are Still Not Financially Prepared for Unexpected Medical Expenses
Delay in Medical Treatment Due to Costs: 57% of adults surveyed said they have delayed medical treatment with concerns around their ability to pay for medical expenses being the top reason.
- Delay in Medical Treatment Due to Costs: 57% of adults surveyed said they have delayed medical treatment with concerns around their ability to pay for medical expenses being the top reason.
- Of note, 70% of millennials reported delaying medical treatment, with concerns around their ability to pay being the leading reason.
- Lack of Preparedness: 4-in-10 adults (41%) do not feel prepared to face an unexpected out-of-pocket medical expense.
- To help employees shoulder out-of-pocket healthcare costs and bridge gaps in medical coverage, NYL GBS recently launched a new suite of voluntary benefits designed to help provide additional financial protection against unforeseen medical expenses.