94% of Gen Xers and Millennials say they
are entitled to healthcare coverage in retirement
84% would accept increased payroll taxes to
help ensure the future of Medicare
65% of informed respondents worry Medicare
won't be there for them when they retire
AUSTIN,
Texas, May 22, 2024 /PRNewswire/ -- Millennials
and Gen Xers may not be ready for Medicare yet, but they believe
they're entitled to healthcare coverage in retirement and are
willing to accept higher payroll taxes to preserve the program,
according to new research published today by eHealth, Inc. (Nasdaq:
EHTH) (eHealth.com), a leading online private health insurance
marketplace.
In a survey of more than 1,000 Millennials and Generation Xers
born between 1965 and 1996, eHealth found:
- More than nine in 10 (94%) say they are entitled to healthcare
coverage in retirement.
- More than eight in ten (84%) are willing to pay higher payroll
taxes to ensure Medicare's sustainability.
- Nearly two thirds (65%) of those who know what Medicare is
worry that it won't be there for them.
"Concern about Medicare's future is no longer unique to current
beneficiaries and older Americans. Our report shows that younger
Americans are worried about their access to quality, affordable
healthcare as they age," said eHealth CEO Fran Soistman. "In fact, most Millennials and
Gen Xers say they are willing to pay more now if it means
preserving this critical benefit for the future, and Medicare is
one of their top-three concerns in the upcoming election."
Additional findings from the report:
- 78% of Millennials and Gen Xers say that Medicare is among
their top-three voting issues.
- 78% say that Baby Boomers and earlier generations were fiscally
irresponsible and are leaving them to pay the bill.
- Despite their concerns, three quarters rate the overall US
healthcare system as "good" or "excellent."
Read the full report.
eHealth's original research is based on a general population
survey of more than 1,000 Americans age 28 through 59. The survey
was conducted through a third-party survey tool in May of 2024.
Additional methodology information can be found in the report.
About eHealth (NASDAQ: EHTH)
We're Matchmakers. For
over 25 years, eHealth has helped millions of Americans find the
healthcare coverage that fits their needs at a price they can
afford. As a leading independent licensed insurance agency and
advisor, eHealth offers access to over 180 health insurers,
including national and regional companies.
For more information about eHealth, visit ehealth.com or follow
us on LinkedIn, Facebook, Instagram, and X. Open positions can
be found on our career page.
Media inquiries: pr@ehealth.com
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SOURCE eHealth, Inc.