When it comes to health care, employees’ understanding of their cost and benefits is directly correlated to their employer’s involvement.
A survey of more than 1,000 workers by Maestro Health revealed 35% of respondents either only somewhat understand, don’t understand or know nothing about their health-care coverage, and 33% of respondents don’t understand their medical bills.
Those respondents said their employers are not providing adequate resources to address these issues. 44% said their employer doesn’t offer opportunities beyond health benefits for employees to meet their health goals, and 62% of respondents feel their employer does not serve as a resource for their health-care-related questions.
“In the U.S., we spend more than $10,000 per person per year on health care, which adds up to more than $3.5 trillion. This is double what most other countries spend, yet regrettably, our average life expectancy is the shortest,” said Rob Butler, CEO of Maestro Health. “The market is at a tipping point. Understanding what people need and want when it comes to health care and benefits — and arming consumers with the tools to enhance their literacy – will help us improve consumers’ individual health outcomes and reverse those life expectancy statistics.”
According to the survey, health-care costs and saving for retirement are the two top financial concerns for consumers today. Rightfully so, as 68% of respondents say that the cost of health care has increased in the past three years. In an effort to contain personal health-care costs, 39% of respondents have, in the past year, chosen not to go to the doctor.