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Generation Y Most Likely To Be Uninsured

Image: debaird™ under CC 3.0

According to a recent Pew Research Study, Millennials (generally considered those between the ages of 18 to 29) are the demographic least likely to be covered by a health insurance plan. Only 61% of them are.

What are some of the reasons that Generation Y might be uninsured?

  • After graduating from college, many young adults have been kicked off of their parents’ health plan. (This survey was taken prior to the passage of the healthcare reform law, which will soon eliminate this practice)
  • Many Generation Y-ers are unemployed, making it difficult to afford an individual health insurance policy.
  • A large percentage of those who are employed are working lower-wage entry level jobs. An increasing number of employers no longer offer health benefits.
  • Some choose to forgo health insurance, because they–falsely–believe that they are invincible and that nothing will happen to their health.

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