You’re gonna need to dig deep to cover these health bills

My Patient Rights | Stay Informed | You’re gonna need to dig deep to cover these health bills

You’re gonna need to dig deep to cover these health bills

102089688-101514753.530x298When it comes to out-of-pocket medical bills, many Americans don’t have enough money in their pockets—or anywhere else—to cover what they might end up owing.

A new study finds that significant numbers of people have less money available in liquid assets than what they face in the maximum deductibles and total out-of-pocket health cost limits under insurance plans.

Only three in five households have enough liquid assets to meet a deductible of either $1,200 per individual or $2,400 per family, according to the Kaiser Family Foundation study. Only about half of U.S. households had enough such assets to cover higher deductibles of $2,500 per individual or $5,500 per family.

Read the whole article at cnbc.com

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