More than half of millennials would choose health insurance over pay increase, study finds

Millennials consider healthcare a top workplace and life priority, according to a study from research firm Benenson Strategy Group.

For the study, researchers surveyed more than 1,000 millennials nationwide from Jan. 27 to Feb. 1, 2017.

Here are seven survey findings.

1. Eighty-six percent of millennials are insured, and 85 percent said it is "absolutely essential" or "very important" to have coverage, according to the survey. That compares to 74 percent who said the same thing for home internet service and 66 percent who said the same thing for a mobile phone data plan.

2. Researchers said most millennials get their insurance through an employer (39 percent) or Medicaid (20 percent).

3. The survey found 87 percent of millennials rate their coverage as "good" or "excellent."

4. The survey also found millennials value health insurance as an employer-based benefit. More than half of millennials (51 percent) would choose better insurance coverage over a 10 percent pay increase, compared to 49 percent who would opt for the raise, according to the survey.

5. Additionally, 80 percent of respondents ranked health insurance as the top employee benefit, followed by retirement account contributions (49 percent) and three weeks paid vacation (21 percent), according to the survey.

6. Seventy-six percent of millennials contact a healthcare provider when they face serious medical questions or problems, and 69 percent go directly to a physician's office over urgent care (19 percent) and the emergency room (12 percent).

7. While 86 percent of millennials research medical issues online, only 11 percent use online research to avoid traditional physicians, the survey found.

Access the full survey findings here.

 

 

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