Survey: 45% of Insured Americans are Considering Health Insurance Changes During Open Enrollment

Open enrollment is rapidly approaching, and many Americans want to make changes to their insurance...

Open enrollment is rapidly approaching, and many Americans want to make changes to their insurance policies. While the pandemic is the most important factor for many, some are also considering the cost of their insurance policies.

ValuePenguin’s latest survey shows that almost half of Americans expect to see higher premiums for their health insurance in 2022.

These are the key findings

— About 45% of Americans with health insurance are open to making changes, such as switching plans or providers. Consumers are switching to new health insurance due to the coronavirus pandemic. They also have changing health needs and dissatisfaction about their provider.

— Nearly half of Americans (46%) anticipate higher health insurance premiums by 2022.

— 45% Of insured Americans think that those who have not been vaccinated against COVID-19 should be paying higher premiums for their health insurance than those who have. This sentiment is strongest among the baby boomers (ages 56-75), at 53%.

— Premium costs, which are 24% of the major decision factors in choosing a health insurance policy, are most important to Americans.

— 24% have made mistakes during open enrollment. These errors included not exploring all options (28%), and missing the deadline (26%). One-third of Gen Zers (18-24 years old) and millennials (19-25 years old) committed mistakes during open enrollment.

View full report: https://www.valuepenguin.com/consumers-changing-health-insurance-during-open-enrollment

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