Benefits Think

News You Can Use: Workers foregoing health coverage over cost

Did you have fewer takers this year during open enrollment? Blame the economy.

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New survey results from BearingPoint, Inc. and Zogby International show that, due to the economic crunch, nearly 10% of employees are more likely to either drop their health insurance plan or switch to a less expensive one with fewer benefits.

Workers making less than $25,000 a year and workers age 18-24 are most likely to switch to a cheaper plan or drop coverage altogether. Among ethnic groups, Hispanics are most likely to put cost over care.

Further, the survey reports 15% of respondents were more inclined to take less medications or forego prescriptions because of financial strain.


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