40% Spend 7 or More Hours Evaluating Health Insurance Options

Valence Health recently released its second 'U.S. Attitudes Toward Health Insurance and Healthcare Reform' study. Here are some key findings from the report:

·         38% of respondents currently receive insurance through an employer, versus 59% in 2013.

·         Nearly 3 in 4 respondents report being very or somewhat satisfied with their current health insurer.

·         40% of consumers spend seven or more hours evaluating their health insurance options.

·         The number of respondents seeking Medicare coverage in 2015 doubled from 12% in 2013 to 24%.

·         21% have an interest in purchasing insurance through a local hospital or health plan.

·         Over 2 in 5 say they've paid less than $100 in out-of-pocket healthcare costs in the last 12 months.

Source: Valence Health, August 25, 2015