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Piggy bank Employee financial assistance to help offset health plan out-of-pocket costs come in a number of forms that permit the employer contribution to be deductible. (Image: NAR Studio/Shutterstock)

The average health plan out-of-pocket maximum is $8,000, yet 37% of Americans struggle to cover a $400 emergency expense. It is no wonder that many employees consider themselves functionally uninsured despite being enrolled in an employer-sponsored health plan.

As the divide grows with each passing plan year, employers are witnessing their employee “benefit” suddenly become a “liability” — particularly for those employees who have little access to savings, have poor credit, or, like most Americans, live paycheck-to-paycheck.

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