Welcome!

News Feed Item

Many Young Adults and College Grads Burdened by Cost of Health Insurance, According to eHealth Survey

Survey of eHealth Shoppers Between the Ages of 18 and 25 Shows That Many Are Satisfied With Coverage but Most Consider Monthly Premiums and Annual Deductibles Too Costly

MOUNTAIN VIEW, CA -- (Marketwired) -- 06/18/14 -- Today eHealth, Inc. (NASDAQ: EHTH) (eHealthInsurance.com), the nation's first and largest private online health insurance exchange, released results from a survey exploring young adults' attitudes toward health insurance costs and the Affordable Care Act (ACA). The survey was conducted in April and May of 2014, following the ACA's first open enrollment period. According to the company's analysis of responses from 220 young adults and recent grads aged 18 to 25 who purchased plans through eHealth, more than six-in-ten (62%) report that their health insurance premiums are more costly than they can comfortably afford. Nearly three-quarters (73%) say that their annual deductibles are more costly than they can comfortably afford.

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 $100 or less. More than half (56%) indicate that they would only be comfortable with an annual deductible of less than $1,000 dollars.

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 $146 and had an average annual deductible of $4,955.

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 Buying Health Insurance and Shopping through eHealth

  • 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 April 24, 2014 and May 23, 2014. Participation was voluntary and a total of 220 responses were collected from health insurance policy holders between the ages of 18 and 25 who had purchased their health insurance plan through eHealth. Survey results expressed in percentages have been rounded to the nearest full percentage point.

Notes:
* Percentages may add up to slightly more or less than 100 due to rounding.

About eHealth
eHealth, Inc. (NASDAQ: EHTH) operates eHealthInsurance.com, the Nation's first and largest private health insurance exchange where individuals, families and small businesses can compare health insurance products from leading insurers side by side and purchase and enroll in coverage online. eHealthInsurance offers thousands of individual, family and small business health plans underwritten by more than 200 of the nation's leading health insurance companies. eHealthInsurance is licensed to sell health insurance in all 50 states and the District of Columbia. eHealth, Inc. also provides powerful online and pharmacy-based tools to help Medicare beneficiaries navigate Medicare health insurance options, choose the right plan and enroll in select plans online through PlanPrescriber.com (www.planprescriber.com) and eHealthMedicare.com (www.eHealthMedicare.com).

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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., will focus on real world deployments of DDoS mitigation strategies in every layer of the network. He will give an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He will also outline what we have found in our experience managing and running thousands of Linux and Unix managed service platforms and what specifically c...
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
Redis is not only the fastest database, but it has become the most popular among the new wave of applications running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 18th Cloud Expo, Dave Nielsen, Developer Relations at Redis Labs, will shares the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
As the rapid adoption of containers continues, companies are finding that they lack the operational tools to understand the behavior of applications deployed in these containers, and how to identify issues in their application infrastructure. For example, how are multiple containers within an application impacting each other’s performance? If an application’s service is degraded, which container is to blame? In the case of an application outage, what was the root cause of the outage?
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...