While U.S. healthcare is rarely described as affordable, saving vehicles like FSAs and HSAs could theoretically help workers pay for care. But as inflation rates put a big hole in Americans’ savings, care could go from expensive to impossible.
According to a report by LendingClub and PYMNTS, 60% of U.S. adults live paycheck-to-paycheck. Meanwhile, a GoBankingRates survey found that nearly 33% of respondents have no more than $100 in their savings account — last year just 22% had $100 or less. And if Aon’s predictions are correct, healthcare costs will jump by 8.5% in 2024, adding more fuel to the financial fire.
