A survey that InsuranceQuotes.com commissioned finds that 24 percent of young adults between ages 18 and 29, known as millennials, do not have health insurance.
Individuals in this group, according to the vendor, are less likely than all other age groups to have healthcare, automobile, life, homeowners, renters and disability insurance, according to the survey, which Princeton Survey Research Associates International conducted in English and Spanish with 1,003 responses.
Millennials are 10 percent more likely to lack health coverage than adults age 30 and over despite paying lower costs, receiving subsidies based on income and possibly staying on parental health policies until age 26, according to InsuranceQuotes.com.
One reason for the lack of insurance may be that 60 percent of those surveyed believe they are somewhat or very prepared for a financial disaster. For those who do get health insurance, 36 percent have a minimum-coverage policy, compared with 23 percent of adults age 30 to 49. Burdensome student loans also can account for the lack of buying health insurance.
More survey results, commentary and tips to promote coverage are available here.
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