Having health insurance is not interchangeable with the ability to afford healthcare. Despite employers’ best intentions with their benefit offerings, the financial stress of medical expenses on today’s employees can be devastating to their well-being and work productivity.
A recent Bankrate report said that 57% of Americans do not have the savings to cover an unexpected $1,000 expense. This means that over half the population can face a difficult choice when it comes to needing medical care: either go into debt, or avoid the doctor. But fintech company Paytient is experimenting with a third option, giving people a more efficient way to pay off their medical bills.
