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Older Consumers More Likely To Hold Off Buying New Obamacare Plans:
SUNNYVALE, Calif., Aug. 27, 2013 /PRNewswire-USNewswire/ -- Older Americans not yet eligible for Medicare are more likely to pay the 2014 penalty rather than purchase health coverage, according to new research from HealthPocket and Deft Research, a market research firm which analyzes the health insurance industry.
Researchers found younger consumers are more likely than their older counterparts to purchase insurance in the new health insurance exchanges starting in 2014 because they will be lower income and therefore receive larger subsidies and benefit from lower age-based premiums than older buyers. The analysis findings contrast with what some have previously speculated.
Older Consumers More Likely To Hold Off Buying New Obamacare Plans - Insurance Broadcasting
SUNNYVALE, Calif., Aug. 27, 2013 /PRNewswire-USNewswire/ -- Older Americans not yet eligible for Medicare are more likely to pay the 2014 penalty rather than purchase health coverage, according to new research from HealthPocket and Deft Research, a market research firm which analyzes the health insurance industry.
Researchers found younger consumers are more likely than their older counterparts to purchase insurance in the new health insurance exchanges starting in 2014 because they will be lower income and therefore receive larger subsidies and benefit from lower age-based premiums than older buyers. The analysis findings contrast with what some have previously speculated.
Older Consumers More Likely To Hold Off Buying New Obamacare Plans - Insurance Broadcasting