Families spent on average $714 or 1.6 percent of their take-home income on out-of-pocket health care spending in 2016. (Image: Shutterstock)

As the average family brings in more income, they also tend to spend more on out-of-pocket health care costs, according to JPMorgan Chase Institute’s report, “Paying Out-of-Pocket- The Healthcare Spending of 2 Million US Families.”

The institute analyzed the health care-related expenditures of 2.3 million Chase Bank customers, aged 18 to 64, between 2013 and 2016 (the names of the customers weren’t identified within the analysis). The analysis included payments made using either a Chase credit or debit card, or electronic bill pay, and excluded health care payments made via cash, check, non-Chase cards in health reimbursement accounts, premium payments and health insurance reimbursements.

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Katie Kuehner-Hebert

Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.

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