Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance > Your Practice

EHealth: Many Workers On The Brink

X
Your article was successfully shared with the contacts you provided.

Few U.S. consumers with group health coverage have an informed opinion about whether they can afford to stay insured if they lose their jobs.

Researchers at eHealthInsurance, a unit of eHealth Inc., Mountain View, Calif., have published that finding in a summary of results of a survey of about 1,000 U.S. workers ages 18 to 64.

About 32% admitted that they would not be able to afford any health insurance if they were out of work, and 65% said they would be unable to afford coverage if they were out of work for 6 months or longer, the researchers report.

But 64% of the participants with group health coverage said they have no idea what their employers pay for health coverage, and 27% said they have no idea what share of the health coverage bill they pay.

Other survey findings:

- 79% of the participants with group health coverage said they would rather get less vacation time than lose their health coverage.

- Only 49% of the participants said they would be willing to drop cable television to be able to afford health coverage.

- 34% of the survey participants believe they are more likely to lose their jobs in the coming year than to get a raise.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.