Health Literacy and Its Role in Financial Literacy

Health Literacy is the Capacity to 1) Obtain, 2) Process and 3) Understand Health Information in Order to Make Appropriate Health Decisions.

Influences Associated with Low Health Literacy Include: 1) Poverty, 2) No High School Degree, 3) Medicare or Medicaid Insurance, 4) Being Male, 5) Age Greater Than 65 and 6) English as a Second Language.

Low Health Literacy is Associated with 1) Higher Levels of Hospitalization, 2) Higher ER Use, 3) Lower Mammogram Rates for Breast Cancer Screening, 4) Lower Flu Shot Rates and 5) Lower Medication Adherence.

However, Health Literacy Can Be Improved via Better 1) Clinician-Patient, 2) System-Patient and 3) Community-Patient Interactions.

The Allen Health Academy's 16-Video Curriculum (https://www.allenhealthacademy.com/) on Financial Health Literacy is a Great Example of System and Community Level Education that Employers Can Use with Their Health Plan Members Today.

Sources:
https://www.healthypeople.gov/2020/to....

https://www.researchgate.net/publicat...

https://www.cdc.gov/healthliteracy/le...

https://pubmed.ncbi.nlm.nih.gov/23126...

https://www.ncbi.nlm.nih.gov/pmc/arti...

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