Our pets are more than companions; they’re cherished members of the family. But when illness strikes, the financial burden of veterinary care can feel overwhelming.
Paying for It: How Health Care Costs and Medical Debt Are Making Americans Sicker and Poorer Findings from the Commonwealth Fund 2023 Health Care Affordability Survey
Infographic: Healthcare Affordability Survey READ MORE →
In an era where employee financial security is paramount, employers are increasingly deploying a spectrum of innovative financial wellness programs, including financial and debt counseling, lifestyle spending accounts and contributions to emergency savings accounts alongside traditional financial benefits like 401(k)s or Health Savings Accounts (HSAs) to bolster their workforce’s financial well-being.
Access to Cash and Healthcare Spending Research by the JPMorgan Chase Institute sheds light on a critical aspect of healthcare spending in the United States – deferred care.
Tax Refunds Enable Healthcare Spending: J.P. Morgan Chase Study READ MORE →
Health insurance is an important financial safety net, but it doesn’t cover everything. There are several out-of-pocket costs that you may be responsible for, even if you have health insurance. These costs can include deductibles, copays, coinsurance, and out-of-network services. In addition, health insurance may not cover all the medical care that you need.
If I Have Insurance, Do I Still Need to Save For Medical Expenses? READ MORE →
The 2023 Employee Benefit Research Institute (EBRI) survey highlights the increasing value of financial wellbeing programs in the workplace. As an employer, if you’re contemplating integrating a program like medZERO, a service that offers employees a spending account specifically for healthcare expenses, here are five compelling reasons drawn from the survey’s insights:
Introduction In 2023, the Commonwealth Fund conducted an extensive survey shedding light on the financial burdens that many Americans face when it comes to healthcare expenses. The report, titled “Paying for It: The Costs of Debt Leave Americans Sicker and Poorer – 2023 Affordability Survey,” (released October 2023) reveals the stark reality of healthcare affordability in the United States. In this blog post, we’ll provide a summary of the key findings and implications of this survey.
Paying for It: The Costs of Debt Leave Americans Sicker and Poorer READ MORE →
As an employer, you understand the importance of providing your employees with good healthcare benefits. You likely invest a significant amount of money into these benefits, including coverage for medical care, dental, vision, medications, and preventive care. Despite these efforts, your employees may still face high out-of-pocket costs for medical care, which can lead to financial stress and impact their satisfaction and retention. It’s important to be empathetic and understand that even the best healthcare benefits may not cover all costs, and employees may still need help paying for medical expenses.
Already Have Great Benefits? Why Your Organization Should Offer medZERO. READ MORE →
In today’s job market, employers are always looking for new ways to attract and retain top talent. One strategy is to offer a range of benefits that can help employees manage their finances and improve their overall quality of life. Two popular benefits in this area are medZERO and a lifestyle spending account (LSA). In this article, we’ll explore the advantages of each benefit and explain why medZERO may be a better choice for employers looking to support their employees’ healthcare needs.
medZERO or a Lifestyle Spending Account. Which is Better for your Employees? READ MORE →
Midvale, Utah–based Savage is a privately held, global provider of industry infrastructure and supply chain services for industries including agriculture, energy, chemicals, and manufacturing. The company has about 4,000 employees across more than 200 locations.
1medZERO and its affiliates do not offer tax advice. Content is for informational purposes only and should not be relied upon for such advice. Consult with your own tax advisor before engaging in any transaction. 2In some cases, approvals may require additional verification steps. 3medZERO loans are offered by partner lenders, refer to your medZERO Loan Agreement for details. medZERO Virtual Cards are issued by Sutton Bank, member FDIC, pursuant to license by Mastercard International Incorporated.
© 2024 medZERO, Inc. All rights reserved.
