Older adults drawn to short-term health plans due to cost, survey finds

Seventy percent of adults aged 55 to 64 cite affordability as one of the main reasons they purchase a short-term health plan, according to a survey from online health insurance platform eHealth.

The survey, which was conducted in January and included 801 responses from eHealth customers, found older Americans were more likely than young members to choose short-term health plans due to affordability. For example, 88 percent of adults aged 55 to 64 said they value affordable monthly premiums more than comprehensive coverage, compared to 78 percent of adults aged 18 to 24.

However, young adults were more likely to choose short-term health plans for temporary coverage needs. Thirty-three percent of people aged 18 to 24 cited their need for temporary coverage as the No. 1 reason they purchased a short-term plan, compared to 23 percent of adults between the ages of 55 and 64 who said the same.  

For the full survey results, click here.

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