(By Matthew Rae, Cynthia Cox, Gary Claxton and Larry Levitt for Kaiser Family Foundation)
As deductibles have risen and become more common over the past decade, many people with employer-sponsored coverage have faced rising out-of-pocket costs. Out-of-pocket spending is increasingly likely to be in the form of a deductible, which often means enrollees pay large upfront costs. These costs can therefore be more of a financial shock than copays that build up more gradually over the course of the year.
In this analysis, we set out to estimate the time of year when the average person with employer coverage satisfies their deductible and how that has changed over time. This year, we estimate “Deductible Relief Day” – the day when enrollees have on average incurred enough health spending to hit the average deductible in an employer plan – will fall on Sunday, May 19, 2019. Continue reading brief here…
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