Preventing Medical Debt: Recommendations for Insurers
这份报告显示了如何健康insuranc转移e landscape has helped shape the medical debt crisis, identifying specific actions insurers should take now to boost Americans’ confidence in their coverage and motivate them to pursue timely care that reduces the need for costlier services.
91% of Americans
do not understand the meaning of premium, deductible, out-of-pocket maximum, and co-insurance.
62% of U.S. adults younger than 65
who report problems paying a medical bill say that the person who incurred the bill was insured at the time.
24% of underinsured adults
say they don’t visit a doctor when they have a medical issue.
Key Recommendations
With input from members of our Stakeholder Advisory Council, the Financial Health Network developed recommended actions and strategies for insurance providers to help prevent medical debt. Although each recommendation is effective as a stand-alone, insurers can achieve the greatest impact by implementing them all.
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- Aid members in plan selection, and ensure members understand key health insurance terms.
- Proactively inform members of out-of-pocket expectations, and help them navigate lower-cost options through price transparency resources.
- Incentivize primary and preventive care services by reducing or eliminating associated out-of-pocket expenses.
- Improve claims adjustment and prior authorization processes.
Systems-Level Overview
Explore insights into the prevalence of medical debt and its effect on consumers, how medical debt functions as a social determinant of health and driver of health inequities, and opportunities for key players to prevent it.
Recommendations for Hospitals and Health Systems
Read about actionable strategies healthcare providers should take now to improve financial assistance and repayment programs, support informed patient decision-making, and proactively identify patients at risk for medical debt to target financial assistance.
Recommendations for Employers
Find out about proactive steps employers should take now to assess employee health insurance affordability, educate their workforce on insurance basics and out-of-pocket costs, help workers manage healthcare expenses, and offer plans based on employees’ needs and circumstances.
More to Explore
Medical Debt Is Hurting Your Employees – Here’s How To Help
As the debt crisis deepens, investing in the financial health of their workforces can yield big benefits for both employers and employees.
How hospitals and health systems can help patients avoid medical debt
While the goal of the American health care system is to improve health and well-being, it triggers financial hardship for many people. One in five U.S. households have incurred medical debt, making it the most common form of unpaid bill for which consumers are contacted by debt collectors, and a reason why many people forgo getting the health care they need.
The Biden Administration Announces New Actions to Lessen the Burden of Medical Debt and Increase Consumer Protection
Vice President Kamala Harris to announce reforms across four areas to ease the burden of medical debt, giving more American families the opportunity to thrive
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Senior Director, Healthcare Solutions雷竞技最新网址
Manager, Healthcare Solutions雷竞技最新网址
Preventing Medical Debt: Recommendations for Insurers
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