One in five households in the United States, or about 51 million adults have only a tenuous relationship with a traditional bank, relying instead on check-cashing stores and money lenders, according to the Federal Deposit Insurance Corporation.
The new federal health law which requires most Americans to carry health insurance starting in January presents a particular problem for those households, since most health plans accept a credit card for the first month’s premium payment and then require customers to pay monthly with a check or an electronic funds transfer from a checking account." - How Will The ‘Unbanked’ Buy Insurance On The Exchanges?, Sarah Varney, Kaiser Health News, 05/20/2013
The entire article appears in the link below:
http://www.kaiserhealthnews.org/Stories/2013/May/20/insurance-marketplaces-bank-account-cash-unbanked.aspx
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