What you must know:

– A brand new research from Paytient, a supplier of healthcare affordability options, sheds mild on many People' stunning struggles with employer-sponsored medical insurance.

– The research, titled “The Hidden Lives of Office-Insured People,” commissioned by the impartial analysis group Nonfiction, reveals a disturbing actuality: thousands and thousands are literally self-insured as a result of excessive deductibles, resulting in delayed care, monetary pressure and a damaging influence on each private {and professional} well-being.

Employer-sponsored insurance coverage doesn’t assure entry to care

Paytient's analysis serves as a wake-up name, highlighting the usually invisible struggles thousands and thousands of People face as they navigate the complexities of healthcare affordability. Because the dialog about healthcare reform continues, these knowledge underscore the pressing want for options that guarantee everybody has entry to the care they want, no matter their employment standing or insurance coverage plan. Key findings of the report embrace:

• Pay your self regardless of insurance coverage: The research discovered that as many as 69 million People with office insurance coverage, almost half (45%), have been paying for their very own well being care in 2023 primarily as a result of they didn’t exceed their excessive deductibles.
• Delayed care as a result of prices: A good portion (40%) of these with employer-sponsored insurance coverage reported delaying wanted care as a result of value concerns. This delay had a damaging influence on their psychological well being, office tradition and general productiveness.
• Work affected by deferred care: One in six respondents (16.7%) admitted that their work efficiency was affected by an untreated well being downside. Amongst them, nearly 69% indicated that they have been distracted by ache whereas working.
• Job hopping for healthcare: A worrying development emerged: 17% of respondents reported leaving their jobs to safe extra reasonably priced healthcare choices.
• Hidden prices of deferred care: The research delves deeper into the hidden toll of delayed care on office productiveness. Amongst these whose work was affected by deferred care:
  • 31% resorted to mendacity to their employers about their scenario.
  • Practically 1 in 5 (19%) took on additional work, usually a second job, to cowl healthcare prices.

“The outcomes of this research spotlight the invisible insecurity confronted by insured People, as medical insurance alone not ensures entry to care. Bringing this story into the nationwide healthcare dialogue highlights a possibility for employers to make sure staff affordably have the safety and assurance that they will entry and pay for care after they want it,” stated Brian Whorley, founder and CEO of Paytient.

Paytien Examine Methodology