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Health insurance challenge infographic

May 2, 2015

The tug-of-war between lower premiums and high-deductible health plans can leave employees financially unprepared when an accident or injury occurs.

Nurses in hallway

The tug-of-war between lower premiums  and high-deductible health plans can leave employees financially unprepared  when an accident or injury occurs.

Every 10 minutes more than 700 Americans suffer an injury severe enough to seek medical help.

41% of existing health insurance plan members feel they do not have enough coverage for:

  • routine visits
  • serious injury of illness

Two of five adults, or 75 million people, report they have problems paying their medical bills or paying off medical debt.

49% of employees have less than $1,000 to pay for unexpected out-of-pocket medical expenses.

  • Over half of employees would have to borrow from their credit cards or retirement plans.

62% of personal bankruptcies are caused by illness or medical bills

  • The average out-of-pocket expenses for injuries that families could not pay: $25,096.

For a hospital stay alone, the average facility price now exceeds $15,000.

 

Zurich’s accident solutions team specializes in insurance products and services that help protect employees from financial risks related to accidents and injuries. Our Group Personal Accident policy offers versatile coverage that can help employers to maximize benefits while reducing costs. Talk to your insurance broker to learn more.