How to get health insurance without getting sick
Health insurance without having to worry about getting sick is no longer a luxury, it’s a reality for millions of Americans.
A study by the Federal Reserve found that more than half of those surveyed said they would be less likely to purchase insurance if they had to pay for it themselves.
The study also found that the vast majority of those who would buy insurance on their own would not have any other health insurance option.
The Federal Reserve study, released this week, found that about 18 percent of those with health insurance would have to pay more out of pocket for their health insurance.
The number of Americans who said they had had insurance coverage in the past year declined, the Fed report found.
However, that number rose to 22 percent in 2018.
The results are based on a sample of nearly 1,400 Americans who have purchased health insurance on the individual market.
The findings are based at the Federal Deposit Insurance Corp. The survey also found about half of respondents said they planned to purchase health insurance through a third party provider.
In 2018, 41 percent of all people who had purchased health coverage through their employer or other government program said they expected to buy insurance from a third-party provider, the survey found.
Only 29 percent of respondents to the survey said they were certain to buy their own health insurance, according to the Federal Trade Commission.
About 6.2 million Americans were covered by health insurance in 2018, the report found, which was down from the previous year.
The majority of that drop came from the elderly, and the report also showed that the proportion of Americans 65 and older who have coverage declined from 21 percent in 2017 to 17 percent in 2020.
The Fed report also found there were about 3.6 million Americans with a policy in 2018 who were uninsured.
The decline in the uninsured rate, the Federal report said, is driven largely by an aging population and a higher percentage of those 65 and over.