Under half of American adults have basic health insurance literacy

Health insurance - Confusion about coverage

People across the US have widespread misconceptions about important coverage concepts. Many adults across the United States have a weak health insurance literacy, according to a new Forbes Advisor survey. Americans are struggling with issues such as basic terms and concepts regarding their coverage. The survey from Forbes Advisor showed that as much as 77 percent of Americans were confused by basic terms used in their health insurance policies, such as co-payment, co-insurance and deductible. The survey was conducted online and involved the participation of 2,000 US adults with a…

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