Health insurance is a huge worry for middle-aged Americans

Isabel Diaz Tinoco and Jose Luis Tinoco look at a computer as Otto Hernandez, an insurance agent from Sunshine Life and Health Advisors, shows them the different insurance plans available under the Affordable Care Act at a store setup in the Mall of Americas on November 1, 2017 in Miami, Florida. (Credit: Joe Raedle/Getty Images)

Health insurance costs weigh heavily on the minds of many middle-aged adults, and many worry what they will face in retirement or if federal health policies change, according to a new survey.

More than a quarter of people in their 50s and early 60s lack confidence that they’ll be able to afford health insurance in the next year, and the number goes up to nearly half when they look ahead to retirement. Two-thirds express concern about how potential changes in health insurance policies at the national level could affect them.

As reported in JAMA Network Open, nearly one in five of survey respondents currently working say they’ve kept a job in the past year in order to keep their employer-sponsored health insurance. And 15% of those working say they’ve delayed retirement, or thought about it, because of their insurance.

For the study, researchers used data from the National Poll on Healthy Aging, conducted in late 2018, during the open enrollment period for many employers’ insurance plans, and near the start of open enrollment for Medicare and plans available to individuals on federal and state marketplace sites.

“Seeking regular medical care is critically important for adults in their 50s and 60s, to prevent and treat health conditions,” says lead author Renuka Tipirneni, assistant professor of internal medicine at the University of Michigan and a member of the Institute for Healthcare Policy and Innovation, which runs the poll. “We found that many adults in this age group are unfortunately worried about affording health insurance and avoiding care because of costs.”

Researchers conducted the poll at a time when the Affordable Care Act had survived challenges in Congress but was facing possible changes or invalidation in a federal court case. That case is now pending before the Supreme Court.

“It is clear from our poll that health care remains a top issue for middle-aged adults and that many of them find the recent uncertainty surrounding federal healthcare policies troubling,” says senior author Aaron Scherer, an associate in internal medicine at the University of Iowa and former postdoctoral fellow at the University of Michigan.

“Policymakers should work to ensure the stability and affordability of health insurance for vulnerable adults on the verge of retirement.”

The worries about cost already affect how people in this pre-Medicare age group use health care, the study finds. More than 18% had avoided seeking care, or had not filled a prescription, because of cost in the past year.

Those in fair or poor health were four times more likely to have avoided care. Those with an insurance plan purchased on the individual level, such as the federal Marketplace, were three times more likely to have avoided seeking care or filling a prescription.

The poll of 1,024 adults focuses on those adults approaching the “magic” age of 65, when most Americans qualify for Medicare health insurance. The researchers say their findings hold implications for policy proposals that would offer Medicare availability at younger ages, or offer a publicly-funded plan on the federal Marketplace.

AARP and Michigan Medicine supported the work.

Source: University of Michigan