Live Insurance News

Young consumers weigh the cost of health insurance and federal penalties

February 1, 2016January 31, 2016 S.Vagus

Young adults are not convinced that insurance coverage is a viable financial option Young adults in the United States have faced a difficult decision during the latest open enrollment period. As open enrollment comes to an end, young and health consumers have had to decide whether or not to purchase health insurance coverage or face a federal fine and which of the two may end up being more expensive. Notably, the fine for those without insurance has gone up in 2016, which may have influenced many young people’s decision to…

Health insurance needs to step it up to reach young people

February 5, 2014February 3, 2014 H. Cutner

Now that the health care reform is in full swing, college age consumers aren’t enrolling. One of the factors that is the most central determining whether the health care reform will be successful over the long term has to do with enrolling a large number of young people in health insurance plans. Unfortunately, as of yet, this age group does not seem to be making much of an effort to sign up. The mid-January report from the Department of Health and Human Services (HHS) revealed that this key component to…

Health insurance concerns arise regarding young adult adoption

July 8, 2013July 6, 2013 G. Turner

Insurers are concerned that raising costs will stop twenty-somethings from purchasing coverage. When the healthcare overhaul goes into full effect on January 1, 2014, most Americans will be required to purchase health insurance or face a tax penalty, but many young adults who are unemployed or under-employed in the current economy are balking when it comes to buying a plan. Some young adults are already planning to choose the penalty over the coverage, raising concerns. Even after the reforms go into full effect and a $100 penalty will need to…