A new study from Columbus, Ga.-based Aflac finds that even Americans with major medical insurance may have trouble summoning the financial resources needed to contend with a costly medical emergency.
Based on an online survey of more than 2,000 benefits decision makers and more than 4,000 U.S. workers, the 2011 Aflac WorkForces Report found that that 51% of workers are not very or not at all prepared to pay for out-of-pocket expenses not covered by major medical insurance. Moreover, 31% acknowledged having less than $500 in savings for emergency expenses.
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