Many Americans feel financially unprepared to handle unexpected medical expenses despite being covered by employer-provided health insurance and may delay care as a result.

"In working with employers, there's been an increased focus on employees' financial wellbeing," said Meghan Shea, vice president and head of strategy and solutions at New York Life Group Benefit Solutions. "Unfortunately, our latest research shows that the needle hasn't been moved when it comes to unexpected health care costs."

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