Although there are options available that allow individuals to finance their health and wellness needs, many may be putting off treatment due to a lack of knowledge about their choices. In fact, nearly half (43.7 percent) of the survey respondents said they were unaware financing options exist for elective healthcare, including dental. More than half (51.6 percent) of respondents said they are very or slightly concerned about incurring an unexpected medical expense for their pet(s).

Respondents of all ages say they have postponed medical or dental treatment because of cost.

The study also shows the need for promotional financial resources that help consumers pay for their health and wellness needs with monthly payments. More than forty percent (44.7 percent) of respondents said that if they had to undergo an elective healthcare treatment today that costs $1,000, they would not be able to afford it.

As consumers are establishing their financial plans and weighing which savings vehicles, credit cards and other planning options best align with their personal goals, it is important to budget for health and wellness needs. A healthcare credit card or discount dental plan can be a smart way to build strong credit and allow consumers to seek the treatment they need – when they need it at lower costs, respectively. In fact, more than one-quarter (27.2 percent) of survey respondents indicate they would have sought treatment sooner, had they known healthcare financing options exist.