Six out of ten American workers do not have a financial plan inplace to deal with an unexpected and costly life event such as amedical emergency, according to a new national study fromAflac.
The 2011 Aflac WorkForces Report, released June 8, found that 51percent of workers said they are not very or not at all prepared topay for out-of-pocket expenses not covered by major medicalinsurance. Additionally, 31 percent have less than $500 in savingsfor emergency expenses.
And for the most part, U.S. workers don't worry about additionalexpenses because they don’t believe an accident or illness couldimpact them or a family member. The report reveals just 19 percentof employees think it is likely they or a family member will bediagnosed with a chronic illness, such as heart disease ordiabetes, and 13 percent said they think a serious illness likecancer will occur or that there will be a need for long-termcare.
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