insurance literacy

Do People Understand Health Insurance?

by

Do People Understand Health Insurance? The health insurance knowledge gap goes beyond the pandemic to understanding basic health insurance plan features. Nearly one-third (32%) of consumers surveyed didn’t know how much their health insurance deductibles were and 25% weren’t aware of their co-pay amounts. Do Americans understand insurance? Based on these surveys, almost all privately

Do People Understand Their Health Insurance?

by

Do People Understand Their Health Insurance? Based on these surveys, almost all privately insured people understand the basic elements of their insurance plans but underestimate their coverage for mental health, substance abuse, and prescription drug benefits and overestimate their coverage for long-term care. Do consumers understand healthcare? Among consumers who received help 62% said they