Certain policy changes over theyears have provided more risk protection to low-income groups buthave increased out-of-pocket risk for those in a higher-incomegroup.(Photo: Shutterstock)

There is nothing like a pandemic to get people thinking aboutthe high cost-sharing requirements in their health insurancecoverage. But of course this is nothing new. High deductibles andout-of-pocket maximums, combined with out-of-network bills forphysician services, leave many insured Americans facing very highout-of-pocket costs. According to federal data, average deductiblesin employer plans more than doubled between 2008 and 2017. Formany, this results in an unaffordable burden.

But a recent study released by The Commonwealth Fund found thatthere is a significant higher impact for those in a certain incomelevel when it comes to out-of-pocket spend.

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

© 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.

Heather Nevitt

Heather D. Nevitt is the Editor-in-Chief of Corporate Counsel and Global Leaders in Law.