Yet another study shows many Americans know little about the state of their health care benefits.

A survey by Sun Life finds that 54 percent of U.S. employees don't know what the out-of-pocket maximum is for their health plan.

That statistic alone underscores the financial risk that so many insured Americans live with on a day-to-day basis. Americans are spending, saving and planning for their retirements without knowing what effect a major medical event could have on their finances.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.