[ad_1]
Health insurance has a big impact on which jobs Americans choose, a new study reveals. About 31% of people with employer-sponsored insurance were stuck in a job they didn’t like because of their company’s health insurance.
Forbes Advisor Investigation, released Tuesday, contains responses from 2,000 American adults. Conducted online from October 28th to November 1st.
A survey found that 8% of respondents quit their favorite job to seek better health insurance. Another 20% chose to take a full-time job instead of a part-time job so she could get insurance.
Forbes Advisor spokesperson Mark Locastro said the survey has important implications for employers as the United States grapples with severe labor shortages. There are now more than 10 million job openings in the United States, but only 6 million of them are unemployed. US Chamber of Commerce.
“The health insurance options that employers offer their employees can affect staff numbers and even morale,” LoCastro wrote in an email.
Forbes Advisor also found that inflation is affecting Americans’ health insurance choices during open enrollment this year. About 23% of respondents said they would choose a lower premium plan because of inflation. Another 11% said they would choose an account with a lower deductible, and 7% said they would use a medical savings account to ease inflationary pressures.
insurance companies around the world expectations A recent Willis Towers Watson report found that medical benefit costs will increase by an average of 10% in 2023, the largest increase in nearly 15 years.
“Insurers are working with employers because they know how inflation is affecting so many Americans,” said Les Masterson, deputy editor and insurance analyst at Forbes Advisors. should offer multiple health insurance plan options where possible: “This is a health savings account with a high deductible and a low deductible, and a high premium with a low deductible. The design of health insurance benefits is not one-size-fits-all, with some members preferring to pay less upfront while others prefer plans with higher premiums but lower out-of-pocket costs. Letting people decide between those and others can help with both member and employee satisfaction.”
Additional findings from the report include:
- Health care debt affects medical decisions for Americans. About 23% of respondents say they are paying off their medical debt. To keep costs low in the last 12 months, 27% of Americans delayed doctor appointments, 19% delayed medical procedures, 19% did not refill prescriptions, 18% delayed physical examinations, 15% said they put off mental health. Health care.
- Of those with medical debt, 61% expect to pay it off within the next two years, and 39% expect it will take at least three years.
- About 44% of Americans believe they can’t afford health care under $1,000, and 26% believe they can’t afford health care under $500.
- South Dakota has the highest medical costs, and Michigan has the lowest. The ranking is based on 11 key metrics using data from the Kaiser Family Foundation. Metrics included per capita health care costs, premium costs, and deductible costs.
Photo: Aruti, Getty Images
[ad_2]
Source link
