Adult Children Coverage: PPACA, the new federal insurance law, has increased the health insurance coverage of adult children between 2009 and 2011, according to a new report by EBRI. Press release
Spending Adjustments: More than 20 percent of americans age 50 and over report saving on health costs by switching to cheaper generic drugs, getting free samples, stopping pills or reducitn dosages, and nearly as many sip or postpone doctor appointsments for the same reason, according to a new report by EBRI. Press release
Retirement Age Expectations: Not only are older American workers (age 50 and over) expecting to work longer, but many now say they expect to never retire, according to EBRI. Data suggest the trend may be tied to the recent economic recession. Press release
Variation in Public Opinion on the Future of Employment-Based Health Benefits: Findings from the 2011 Health Confidence Survey-- The public remains in large part confident that employers and unions will continue to offer health coverage following enactment of the federal health reform law. According to results from the 2011 Health Confidence Survey, 57 percent of individuals with employment-based coverage are extremely or very confident that their employer or union would continue to offer health coverage. Press release
Health Benefits: Even though employment-based health coverage is the primary source of health insurance coverage in the United States, long-term public confidence that employers and unions will continue to offer health coverage has fallen, according to findings by EBRI. Press release
Financial Literacy: New research by EBRI finds that the residents of New Hampshire and Alaska rank at the top of financial literacy and financial behavior, while residents of Louisiana and West Virginia rank at the bottom. Press release
IRA and 401(k) Ownership
Participation of workers in individual-account 401(k)-type plans, which had grown sharply through the 1990s, leveled off from 2005 to 2009. Ownership of individual retirement accounts (IRAs), which had also risen significantly in the 1990s, experienced a slight decline from 2005 to 2009, according to a new report by EBRI. Press release
Health Coverage by Month
Since 1995, the percentage of workers both with and without health insurance coverage has tracked closely with the unemployment rate, according to a new analysis of monthly data by EBRI. While the link between employment and health coverage is well-documented, EBRI’s new report tracks the data on a monthly basis to show the direct correlation. Currently, despite signs of economic recovery from the 2008-2009 recession, employment-based health insurance coverage remains well below the levels of the 1990s. Press release