How Health Payment Accounts Improve Health Equity

A 20-year high of 38 percent of Americans admitted to postponing medical care in 2022. But as with many other things, not all Americans are equally burdened by the cost of healthcare. For instance, communities with lower incomes frequently experience higher rates of sickness, necessitating more frequent medical attention. Additionally, in a nasty catch-22, people with lower earnings, Black and Hispanic adults, and women frequently have health benefits that are not proportionate to their income, which raises the likelihood of receiving care later or not at all. Making sure people have the appropriate financial capacity to cover medical expenses in conjunction with their insurance cards is essential if we want to improve access to healthcare. Health Payment Accounts (HPAs), a new type of employee perk, allow companies a better approach to safeguard .