Friday, November 14, 2014
People with Health Insurance Still Can't Afford All the Care They Need
As open enrollment season starts, a new survey is providing an important reminder that you need to look just beyond the cost of a health plan's monthly premium to figure out your expected medical costs for the coming year. With things like deductibles and co-pays creeping higher for nearly everyone, many adults are spending a chunk of their income on out-of-pocket costs.
About 21 percent of privately insured adults said they spent at least 5 percent of their income on medical care (not including the cost of premiums), and 13 percent said they spent at least 10 percent of their income on these out-of-pocket costs, according to the Commonwealth Fund Health Care Affordability Tracking Survey....