Many Young Adults and College Grads Burdened by Cost of Health Insurance, According to eHealth Survey
When asked to describe a monthly health insurance premium they would be comfortable paying, more than two-thirds (69%) say they would only be comfortable with a monthly premium of
By contrast, eHealth's recent Health Insurance Price Index report shows that young adults ages 18-24 who purchased individual coverage through eHealth during the recent nationwide open enrollment period paid an average monthly premium of
Highlights from eHealth's survey of young adult policy holders are provided below.
Young Adult Policy Holder Demographics and Lifestyle
- Almost half (49%) of survey respondents report that they are currently working full time, while 18% say that they are working part-time; one-quarter (25%) indicate that they are currently in school; only 5% report being unemployed.
- Nearly two-thirds of respondents (65%) indicate that they are either in college currently or else graduated from college within the past two years.
- When asked whether they would prefer to live at home with their parents and have health insurance or live alone and go uninsured, a majority (56%) report that they would prefer to live on their own even if it meant that they had to go uninsured.
- Nearly two-thirds (65%) say that on a first date they would be less attracted to a person who did not have health insurance.
Reasons for
- When asked to choose from one of three options, about one-third (33%) of respondents say that they were motivated to purchase health insurance by the tax penalty they might face for going uninsured; a third (33%) also indicate that the need for health care motivated them to buy; another third (34%*) say that it was fear of being uninsured that motivated them to buy coverage.
- When asked why they chose to shop through eHealth rather than through a government health insurance exchange, one third (33%) say that they shopped through eHealth because it offered them more coverage choices; more than a quarter (28%) say that they chose eHealth because they didn't qualify for a government subsidy; a similar number (27%) say they did not purchase through a government exchange because the government health insurance exchange didn't work.
Feelings about the Affordable Care Act (the ACA)
- Almost two-thirds (63%) report that the ACA caused their monthly health insurance premiums to increase; only one-in-ten (10%) indicate that the ACA caused their monthly premiums to decrease.
- Nearly half (48%) indicate that the ACA caused their annual deductible to increase; only 6% report that the ACA caused their deductible to decrease.
- More than six-in-ten (63%) state that they had to change their health insurance plans as a result of the ACA; almost a third (30%) say that they had to change their doctor.
On Costs and Their Current Coverage
- More than half (59%) of respondents say that they are happy or somewhat happy with their current health insurance plan; 41% indicate that they are unhappy with their plan.
- More than six-in-ten (62%) say that their current health insurance premiums are more expensive than they can comfortably afford.
- When asked what monthly health insurance premium they would be comfortable paying, more than two-thirds (69%) report that they would only be comfortable paying a monthly premium of
$100 or less. - Nearly three-quarters (73%) say that their annual deductible is higher than they can comfortably afford; more than six-in-ten (64%) say that they do not have enough money saved to pay their current annual deductible if they were required to do so.
- A majority of respondents (56%) say that they would only be comfortable with an annual deductible of less than
$1,000 .
Survey Methodology
The results and analysis above are based on an eHealth customer survey conducted between
Notes:
* Percentages may add up to slightly more or less than 100 due to rounding.
About eHealth
For more health insurance news and information, visit the eHealth consumer blog: Get Smart - Get Covered or visit eHealth's Affordable Care Act Resource Center at www.eHealth.com/affordable-care-act.
For media inquiries, please contact:
(916) 207-7674
sande.drew@ehealth.com
(650) 210-3149
brian.mast@ehealth.com
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