Putting Fido first. HealthPocket, a free information source designed to help consumers find medical coverage, today released results of a millennial health insurance survey which found that 62% of millennials would take their pet to the vet before going to the doctor for themselves.
While millennials love their pets, they also like their health insurance, with 89% reporting they currently have coverage. According to the survey results, four in ten (40%) of millennials have even stayed at a job they weren't happy at in order to keep their health insurance. When it comes to paying their medical bills, nearly half (47%) admit to having to ask their parents for help. However, 54% report having gone without health insurance at some point.
The survey asked about certain behaviors and found that millennials rely on technology when it comes to their health. Seventy nine percent say they ask "Dr. Google" about an ailment before making an appointment to see an actual doctor. When millennials do see a doctor, 63% think they should be able to text their doctor directly. Almost half (45%) are more likely to try telemedicine before visiting a doctor's office.
Entire survey results URL: https://www.healthpocket.com/healthcare-research/surveys/how-millennials-approach-health-insurance
Some other key findings:
- 50% of millennials have used the wellness benefits of their health insurance policy
- 21% use a drop-in clinic for their routine medical care
- 44% don't get an annual physical each year
- 26% don't make a regular yearly visit to a primary care physician
- 45% only go to their primary care physician once a year for their annual physical
- 51% of millennials have life insurance
- 25% of millennials have pet insurance
ABOUT HEALTHPOCKET: HealthPocket is a free information source designed to help consumers find medical coverage. Whether you are looking for Medicare, Medicaid or an individual health insurance plan, we will help you compare benefits and coverage, understand your out-of-pocket healthcare costs and help you to find the right healthcare option. We receive our data from government, non-profit, and private sources, and you should confirm key provisions of your coverage with your selected health plan. If you select an individual plan presented on our site, you will be directed (via a click or a call) to one of our partners who can help you with your application. Our website is not a health insurance agency and not affiliated with and does not represent or endorse any health plan. HealthPocket, Inc. is a wholly owned subsidiary of Health Plan Intermediaries Holdings LLC, which is a subsidiary of Health Insurance Innovations, Inc. (NASDAQ: HIIQ)
The results above were gathered through an online poll of over one thousand people who are between the ages of 20-35. The poll was conducted in early December 2019 and was weighted to get representative samples from each state based on population. Race, education, and health insurance status were not examined. The margin of error across survey responses is estimated at +2.7%/-2.7%.
FORWARD LOOKING STATEMENTS: HealthPocket, Inc. is a Silicon Valley-based technology company and wholly owned subsidiary of Health Plan Intermediaries Holdings LLC, part of the Health Insurance Innovations, Inc. family of companies (NASDAQ: HIIQ). This press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements other than historical fact, and may include statements relating to goals, plans and projections regarding new markets, products, services, growth strategies, anticipated trends in HIIQ's business and anticipated changes and developments in the United States health insurance system and laws. Forward-looking statements are based on HIIQ's current assumptions, expectations and beliefs are generally identifiable by use of words "may," "might," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue," or similar expressions and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements. These risks and uncertainties include, among other things, HIIQ's ability to maintain relationships and develop new relationships with health insurance carriers and distributors, HIIQ's ability to retain members, the demand for HIIQ's products, the amount of commissions paid to HIIQ or changes in health insurance plan pricing practices, HIIQ's ability to integrate its acquisitions, competition, changes and developments in the United States health insurance system and laws, and HIIQ's ability to adapt to them, the ability to maintain and enhance our name recognition, difficulties arising from acquisitions or other strategic transactions, and HIIQ's ability to build the necessary infrastructure and processes to maintain effective controls over financial reporting. These and other risk factors that could cause actual results to differ materially from those expressed or implied in HIIQ's forward-looking statements are discussed in HIIQ's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) as well as other documents that may be filed by HIIQ from time to time with the Securities and Exchange Commission, which are available at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. You should not rely on any forward-looking statement as representing our views in the future. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.