Magnifying glass Even when you know that transparency is the key, how do you communicate to your clients or employees that this is the best option against industry standards? You need proof.

Sixty-seven percent of people who file for bankruptcy do it because of medical reasons. This rings loud to me because when I was 16, my dad was diagnosed with multiple myeloma. He had a bone marrow transplant, chemo, radiation and very expensive medications resulting in $1.2 million in billed claims. Even though my parents both had health insurance through their jobs, my family had to file bankruptcy. I was young, but I can still remember overhearing my parents' conversations filled with worry and disbelief–but above all, confusion.

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.