1 in 3 Americans Is Worried About Rising Healthcare Costs in 2020. Here's How to Make Medical Care More Manageable.
Healthcare is one of those expenses that's frustratingly unavoidable, but detrimentally expensive. It's so expensive, in fact, that medical debt is the No. 1 source of personal bankruptcy filings in the country. And new data from Fidelity drives home the point that Americans are worried about it -- an estimated 33% cite rising healthcare costs as a top financial concern going into 2020.
If you're anxious about an uptick in healthcare costs, there are a few things you can do to ease that worry -- and perhaps save yourself some money along the way.
A study released by benefits exchange company Liazon revealed that roughly 48% of Americans don't understand their health benefits. And when it comes to health insurance, the things you don't know could cost you. For example, you might think you have out-of-network coverage when in reality, that's a bill you'll be forced to completely foot on your own. Or you might assume you're OK to see a specialist when, in fact, your plan requires a referral beforehand.
Source Fool.com