What does health insurance mean to millennials?

julia-7-6By: A Millennial

For many millennials, 26 is the next life-changing birthday after 21. Twenty-Six is when you get CUT OFF.

Cut off from your parents’ cell phone plan? Perhaps. Cut off from your old college lifestyle? I would hope. Cut off from your parents’ health insurance? Without a doubt.

As Account Director, Megan Jaffarian mentioned in her recent blog that it’s difficult and often inaccurate to group all millennials together. See what she means here. For “old millennials,” health insurance is probably mundane. For those of us creeping into our late twenties, the shift to our own plan is intimidating and sometimes unwelcomed. Even insurance companies classify your 26th birthday as a “major life event” granting you a special enrollment period. Bless them.

Here’s what healthcare means to those of us who are just closing out a quarter of a century.

Unemployment just got scarier—If you don’t have a full-time job or a job with benefits, you’re scrambling to find one fast. Some may stereotype millennials as naïve or too free spirited, but we know how important health insurance is. We have all heard horror stories of normal people stricken with illness and losing everything because they were uninsured. Which leads me to my next point…

We want to be insured—The percentage of millennials uninsured is down to 11%. Of those uninsured, 57% have high-school diplomas or less and 68% are unemployed. The main reason millennials are uninsured is because they don’t have easy access to insurance. Not because they think they are invincible and do not need it.

There is a big knowledge barrier—Premiums, copays, deductibles, FSAs. Most of us have no idea what any of these mean. According to the Transamerica Center for Health Studies, most millennials rely on moms and doctors for health information. But only 22% of millennials have a primary care doctor, making moms a primary source of influence and knowledge. Why wasn’t there Health Insurance 101 in college? Is there a professional who can break things down in the simplest form? Even a vocabulary cheat sheet would help.

What would our ideal plan look like?

  • Something simple—See ”knowledge barrier” above, plus add in the desire for less paperwork. We want something streamlined and digital.
  • Convenient—I avoid calling the doctor’s office to make an appointment. Isn’t there an app for that? Millennials are all about convenience. Searching for a new doctor that is covered sounds like a nightmare. Using telemedicine sounds like a dream.
  • Friendly—Having a representative or personal contact to answer questions and help us understand the pros and cons of different plans is so much more appealing than a folder of detailed information.
  • Affordable—Student loans already eat up a healthy chunk of our entry-level salary. Plus, we’d like to start contributing to our 401(k)s. For most of us, that doesn’t leave a lot of room for play. And now we have to start making deductions for health insurance?! As my Dad would tell me… “Welcome to the real world.”

Simple, convenient, friendly, and affordable. That may sound like a cheesy tagline, but those are also core values of a user-friendly experience, which is something millennials have grown accustom to. The complex process of health insurance matched with a lack of industry knowledge creates an enigma around the topic for many millennials. We know health insurance is something we want and need, but we have no idea what plan is right for us or where to start. While most of us opt for a ”baptism by fire” when it comes time to enroll, I’m not afraid to say it … We could use a little help.

How can we help you make change?

There are no comments yet. Be the first and leave a response!

Leave a Reply

Your email address will not be published. Required fields are marked *

What does health insurance mean to millennials?

julia-7-6By: A Millennial

For many millennials, 26 is the next life-changing birthday after 21. Twenty-Six is when you get CUT OFF.

Cut off from your parents’ cell phone plan? Perhaps. Cut off from your old college lifestyle? I would hope. Cut off from your parents’ health insurance? Without a doubt.

As Account Director, Megan Jaffarian mentioned in her recent blog that it’s difficult and often inaccurate to group all millennials together. See what she means here. For “old millennials,” health insurance is probably mundane. For those of us creeping into our late twenties, the shift to our own plan is intimidating and sometimes unwelcomed. Even insurance companies classify your 26th birthday as a “major life event” granting you a special enrollment period. Bless them.

Here’s what healthcare means to those of us who are just closing out a quarter of a century.

Unemployment just got scarier—If you don’t have a full-time job or a job with benefits, you’re scrambling to find one fast. Some may stereotype millennials as naïve or too free spirited, but we know how important health insurance is. We have all heard horror stories of normal people stricken with illness and losing everything because they were uninsured. Which leads me to my next point…

We want to be insured—The percentage of millennials uninsured is down to 11%. Of those uninsured, 57% have high-school diplomas or less and 68% are unemployed. The main reason millennials are uninsured is because they don’t have easy access to insurance. Not because they think they are invincible and do not need it.

There is a big knowledge barrier—Premiums, copays, deductibles, FSAs. Most of us have no idea what any of these mean. According to the Transamerica Center for Health Studies, most millennials rely on moms and doctors for health information. But only 22% of millennials have a primary care doctor, making moms a primary source of influence and knowledge. Why wasn’t there Health Insurance 101 in college? Is there a professional who can break things down in the simplest form? Even a vocabulary cheat sheet would help.

What would our ideal plan look like?

  • Something simple—See ”knowledge barrier” above, plus add in the desire for less paperwork. We want something streamlined and digital.
  • Convenient—I avoid calling the doctor’s office to make an appointment. Isn’t there an app for that? Millennials are all about convenience. Searching for a new doctor that is covered sounds like a nightmare. Using telemedicine sounds like a dream.
  • Friendly—Having a representative or personal contact to answer questions and help us understand the pros and cons of different plans is so much more appealing than a folder of detailed information.
  • Affordable—Student loans already eat up a healthy chunk of our entry-level salary. Plus, we’d like to start contributing to our 401(k)s. For most of us, that doesn’t leave a lot of room for play. And now we have to start making deductions for health insurance?! As my Dad would tell me… “Welcome to the real world.”

Simple, convenient, friendly, and affordable. That may sound like a cheesy tagline, but those are also core values of a user-friendly experience, which is something millennials have grown accustom to. The complex process of health insurance matched with a lack of industry knowledge creates an enigma around the topic for many millennials. We know health insurance is something we want and need, but we have no idea what plan is right for us or where to start. While most of us opt for a ”baptism by fire” when it comes time to enroll, I’m not afraid to say it … We could use a little help.

How can we help you make change?

There are no comments yet. Be the first and leave a response!

Leave a Reply

Your email address will not be published. Required fields are marked *

What does health insurance mean to millennials?

julia-7-6By: A Millennial

For many millennials, 26 is the next life-changing birthday after 21. Twenty-Six is when you get CUT OFF.

Cut off from your parents’ cell phone plan? Perhaps. Cut off from your old college lifestyle? I would hope. Cut off from your parents’ health insurance? Without a doubt.

As Account Director, Megan Jaffarian mentioned in her recent blog that it’s difficult and often inaccurate to group all millennials together. See what she means here. For “old millennials,” health insurance is probably mundane. For those of us creeping into our late twenties, the shift to our own plan is intimidating and sometimes unwelcomed. Even insurance companies classify your 26th birthday as a “major life event” granting you a special enrollment period. Bless them.

Here’s what healthcare means to those of us who are just closing out a quarter of a century.

Unemployment just got scarier—If you don’t have a full-time job or a job with benefits, you’re scrambling to find one fast. Some may stereotype millennials as naïve or too free spirited, but we know how important health insurance is. We have all heard horror stories of normal people stricken with illness and losing everything because they were uninsured. Which leads me to my next point…

We want to be insured—The percentage of millennials uninsured is down to 11%. Of those uninsured, 57% have high-school diplomas or less and 68% are unemployed. The main reason millennials are uninsured is because they don’t have easy access to insurance. Not because they think they are invincible and do not need it.

There is a big knowledge barrier—Premiums, copays, deductibles, FSAs. Most of us have no idea what any of these mean. According to the Transamerica Center for Health Studies, most millennials rely on moms and doctors for health information. But only 22% of millennials have a primary care doctor, making moms a primary source of influence and knowledge. Why wasn’t there Health Insurance 101 in college? Is there a professional who can break things down in the simplest form? Even a vocabulary cheat sheet would help.

What would our ideal plan look like?

  • Something simple—See ”knowledge barrier” above, plus add in the desire for less paperwork. We want something streamlined and digital.
  • Convenient—I avoid calling the doctor’s office to make an appointment. Isn’t there an app for that? Millennials are all about convenience. Searching for a new doctor that is covered sounds like a nightmare. Using telemedicine sounds like a dream.
  • Friendly—Having a representative or personal contact to answer questions and help us understand the pros and cons of different plans is so much more appealing than a folder of detailed information.
  • Affordable—Student loans already eat up a healthy chunk of our entry-level salary. Plus, we’d like to start contributing to our 401(k)s. For most of us, that doesn’t leave a lot of room for play. And now we have to start making deductions for health insurance?! As my Dad would tell me… “Welcome to the real world.”

Simple, convenient, friendly, and affordable. That may sound like a cheesy tagline, but those are also core values of a user-friendly experience, which is something millennials have grown accustom to. The complex process of health insurance matched with a lack of industry knowledge creates an enigma around the topic for many millennials. We know health insurance is something we want and need, but we have no idea what plan is right for us or where to start. While most of us opt for a ”baptism by fire” when it comes time to enroll, I’m not afraid to say it … We could use a little help.

How can we help you make change?

There are no comments yet. Be the first and leave a response!

Leave a Reply

Your email address will not be published. Required fields are marked *

What does health insurance mean to millennials?

julia-7-6By: A Millennial

For many millennials, 26 is the next life-changing birthday after 21. Twenty-Six is when you get CUT OFF.

Cut off from your parents’ cell phone plan? Perhaps. Cut off from your old college lifestyle? I would hope. Cut off from your parents’ health insurance? Without a doubt.

As Account Director, Megan Jaffarian mentioned in her recent blog that it’s difficult and often inaccurate to group all millennials together. See what she means here. For “old millennials,” health insurance is probably mundane. For those of us creeping into our late twenties, the shift to our own plan is intimidating and sometimes unwelcomed. Even insurance companies classify your 26th birthday as a “major life event” granting you a special enrollment period. Bless them.

Here’s what healthcare means to those of us who are just closing out a quarter of a century.

Unemployment just got scarier—If you don’t have a full-time job or a job with benefits, you’re scrambling to find one fast. Some may stereotype millennials as naïve or too free spirited, but we know how important health insurance is. We have all heard horror stories of normal people stricken with illness and losing everything because they were uninsured. Which leads me to my next point…

We want to be insured—The percentage of millennials uninsured is down to 11%. Of those uninsured, 57% have high-school diplomas or less and 68% are unemployed. The main reason millennials are uninsured is because they don’t have easy access to insurance. Not because they think they are invincible and do not need it.

There is a big knowledge barrier—Premiums, copays, deductibles, FSAs. Most of us have no idea what any of these mean. According to the Transamerica Center for Health Studies, most millennials rely on moms and doctors for health information. But only 22% of millennials have a primary care doctor, making moms a primary source of influence and knowledge. Why wasn’t there Health Insurance 101 in college? Is there a professional who can break things down in the simplest form? Even a vocabulary cheat sheet would help.

What would our ideal plan look like?

  • Something simple—See ”knowledge barrier” above, plus add in the desire for less paperwork. We want something streamlined and digital.
  • Convenient—I avoid calling the doctor’s office to make an appointment. Isn’t there an app for that? Millennials are all about convenience. Searching for a new doctor that is covered sounds like a nightmare. Using telemedicine sounds like a dream.
  • Friendly—Having a representative or personal contact to answer questions and help us understand the pros and cons of different plans is so much more appealing than a folder of detailed information.
  • Affordable—Student loans already eat up a healthy chunk of our entry-level salary. Plus, we’d like to start contributing to our 401(k)s. For most of us, that doesn’t leave a lot of room for play. And now we have to start making deductions for health insurance?! As my Dad would tell me… “Welcome to the real world.”

Simple, convenient, friendly, and affordable. That may sound like a cheesy tagline, but those are also core values of a user-friendly experience, which is something millennials have grown accustom to. The complex process of health insurance matched with a lack of industry knowledge creates an enigma around the topic for many millennials. We know health insurance is something we want and need, but we have no idea what plan is right for us or where to start. While most of us opt for a ”baptism by fire” when it comes time to enroll, I’m not afraid to say it … We could use a little help.

How can we help you make change?

There are no comments yet. Be the first and leave a response!

Leave a Reply

Your email address will not be published. Required fields are marked *