August 2015
“…For some people…the Affordable Care Act is becoming The Unaffordable Care Act,” writes Richard Eisenberg, a contributor to Forbes.com. In his recent article, Eisenberg explains that while fewer people are now uninsured, more are underinsured. Why? Because employers are increasingly requiring employees to sign up for consumer-driven or high-deductible health plans.
Unfortunately, “employees in high-deductible plans are seeing huge increases in out-of-pocket costs and some are trimming medical care as a result.” Eisenberg cites a Commonwealth Fund report1 that says 44 percent of underinsured adults reported not getting needed medical care in the past year because of the cost. The report also found that 41 percent with deductibles of $3,000 or more reported problems paying their medical bills or were paying off medical debt.Whether or not your company offers a CDHP or HDHP, learn more about workers’ finances and help them cover out-of-pocket health care costs by offering voluntary insurance. Aflac pays cash to policyholders who are sick or hurt, helping them meet deductibles and pay for prescriptions and medical procedures.
1 “The Problem of Underinsurance and How Rising Deductibles Will Make It Worse: Findings from the Commonwealth Fund Biennial Health Insurance Survey, 2014.” The Commonwealth Fund. Accessed July 27, 2015
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