New Study Finds Alarming Number of Middle-Income Americans Inadequately Prepared for a Critical Illness Diagnosis
An overwhelming majority (90%) of our nation’s middle-income Americans say they are not financially prepared for a critical illness diagnosis, according to a new study released by Washington National Institute for Wellness Solutions (IWS).
The Affordable Care Act (known as ACA or health reform) was signed into law in 2010 and impacts many areas of health care and health insurance, including medical reimbursement programs such as HRAs, HSAs and FSAs. Here’s an overview of how health reform impacts HRA, HSA and FSA programs.
Cost of Care Overview
Research shows that at least 70 percent of people over 65 will need long term care services at some point in their lifetime.1 And while most people think of long term care as impacting only those in senior years, 40 percent of people currently receiving long term care services are ages 18 to 64.2