Health literacy among those in the baby boom generation needs to be improved. As cited by the U.S. Department of Education (National Assessment of Adult Literacy), over 77 million individuals in the country have inadequate health literacy. The lack of resources (mainly, common health tasks such as reading prescription drug labels) can prove to be a deterrent to one’s retirement plans, placing a blow on both health and financial resources.
Which is why we’d like to take the opportunity to suggest simple and practical ways on how to increase health care literacy. We hope that these tips will also result in a better and brighter future for all.
1) Your Workplace Can Help
One excellent avenue to learn more about health literacy is right at your place of work. As mentioned by the Insurance Management Group, increasing an employee’s awareness of health care resources and literature can be a great contribution for companies seeking new ways to look after their workforce’s welfare. Through the implementation of a communication campaign, employers can send out flyers, videos, emails, or conduct workshops promoting wellness and preparation for retirement.
As such, if you are employed, please consider your health literacy options provided by your company. Please do ask your human resources division for available programs that may help you and your co-workers prepare for health-related needs.
2) The Link of Financial Knowledge and Health Literacy
A Forbes article, The Incredible Costs Of Low Health Literacy, highlighted several instances when the lack of health literacy could prove to be a big blow to one’s finances. With a majority of individuals today unaware of the out-of-pocket costs that medical services bring, the chances of one’s savings being quickly depleted is high.
Shifting one’s perspective to health literacy being synonymous to financial management can be a useful motivational tool to learn more about health care and the like. The savings one can manage through available literature and resources on health is an excellent way to push someone to learn as much he or she can.
Let’s cite two instances to emphasize more on linking money management to health literature:
Medicare Supplemental Coverage
Ask more Medicare Supplement questions to find out how this insurance policy will help you. Private insurance companies, which sell this form of insurance, will inform you on how you can safeguard your nest egg from being spent on medical bills and services.
Learn from Real Life Case Scenarios
Stating the mentioned Forbes article as an example, learn why health literacy will help you save on health and unneeded medical checkups. According to the AMA-MSS Subcommittee on Health Literacy, individuals with poor health literacy tend to spend more on emergency room visits – which, unfortunately, many of which are unnecessary or can be treated in other and more affordable ways.
3) Alternative Learning Resources
Lastly, find more alternative methods on how to learn more about your health needs. From videos/podcasts from experts in the industry to searching for an infographic explaining the essentials of retirement solutions, help can be found by simply browsing online. Additionally, find the time to consult with retirees and financial experts – their first-hand experience can give you the edge needed to prepare for a brighter tomorrow.
Do you have other tips to improve your health literacy? Please let us know below.