Older Adults Drawn to Short-Term Health Plans Due to Cost, Survey Finds

According to a newly released survey conducted in January that polled over 800 eHealth customers, 70 percent of adults aged 55 to 64 cite affordability as one of the primary reasons they buy a short-term health plan, reports Becker's Hospital Review . The online health insurance platform found older Americans were more likely than younger members to select short-term health plans for this reason. For instance, 88 percent of men and women aged 55 to 64 said they value affordable monthly premiums more than comprehensive coverage versus 78 percent of adults aged 18 to 24. Young adults, however, were more likely to pick short-term health plans for temporary coverage needs.