SOURCE: AgileHealthInsurance.com

AgileHealthInsurance.com

June 20, 2017 09:00 ET

Poll: 72% of College Students and Recent Grads Have Challenges Finding Affordable Health Insurance

More Education of Available Options Needed for Young Americans

MOUNTAIN VIEW, CA--(Marketwired - Jun 20, 2017) - AgileHealthInsurance.com released today the results of a nationwide poll that revealed the extent to which affordable coverage is a challenge for college students and grads this time of year. With the advent of summer, maintaining affordable health insurance is a major concern for college students who lack year-round coverage through their school or coverage under their parents' health plan. Likewise, recent college graduates without a job can face a similar predicament.

The poll asked, "For any college students or recent grads in your family, is finding affordable health insurance a challenge?" Respondents had the option of selecting one of the following answers: "Yes, high premiums make it hard," "Yes, high out-of-pocket costs make it hard," "Yes, it is hard to find for other reasons," "No, finding affordable insurance isn't hard," or "My family doesn't have a student or grad."

Of poll respondents with a college student or recent graduate in the family, 72 percent indicated that finding affordable coverage was difficult. Premiums were the most common impediment to affordability, with 40 percent of student/graduate families answering "Yes, high premiums make it hard." Half as many (20 percent) attributed affordability problems to high out-of-pocket costs. Another 12 percent of the student/graduate families had other unspecified reasons that health insurance affordability was a problem.

"These 'unspecified problems' can include an ineligibility for premium subsidies on exchange health plans due to the student's tax return status," said John Fees, co-founder of GradGuard, an authority on protecting the investment of college students and their families. "If a student is claimed by his or her parents as a dependent, then the parents' household income, including but not limited to the student's income, decides the student's eligibility for premium subsidies under the Affordable Care Act."

"We were very alarmed to learn of the high percentage of students and graduates having a hard time finding affordable health care coverage," said Bruce Telkamp, founder and CEO of AgileHealthInsurance.com. "While this is a big concern, in most cases we see it as a consumer education problem rather than a product availability problem. Short-term health insurance plans are available to students in about four dozen states, and their inexpensive premiums can satisfy the affordability needs of most students. Additionally, the vast majority of students and graduates have no trouble meeting the application requirements to obtain coverage."

Not all college students and graduates experienced problems with finding affordable health coverage; 28 percent indicated that finding affordable health insurance was not difficult for their students or recent graduates. For students under age 26 whose parents have health insurance coverage, there is the option to join their parents' health plans. Additionally, students attending colleges where health coverage is required and paid for through a student fee may by able to use financial aid or a student loan to cover the fee.

"Unfortunately many college students and new graduates are under great financial stress due to the cost of college and student loan payments, but they should not be tempted to see medical coverage as a non-essential luxury," Fees said. "Given this situation, students and parents will benefit from understanding the practical value of short-term health plans given their inexpensive price point, broad benefits and wide doctor coverage which can be a feasible option to keeping this group from joining the ranks of the uninsured."

Results are based on 2,626 responses to a nationwide survey conducted from June 2, 2017, to June 4, 2017. Demographic inferencing and methodology to acquire survey respondents who approximate national statistics on age, gender, income and region was performed by Google-administered technology. Race, education and health insurance status were not examined. Margin of error across all survey responses (including "My family doesn't have a student or grad") is estimated at +1.7 percent/-1.8 percent.

The survey methodology and complete findings can be reviewed in the AgileHealthInsurance.com report, "Poll: 72% of College Students & Recent Grads Have Challenges Finding Affordable Health Insurance."

AgileHealthInsurance.com was created to educate people about the benefits of short-term health insurance and provide a fast, online process for purchasing these plans. Short-term health insurance is a flexible and low-cost major medical insurance for individuals without expensive pre-existing health conditions. It is not Obamacare. Short-term health plans offer consumers the flexibility to choose health plans with the benefits that matter most to them and combine these benefits with broad provider networks. Additional information about AgileHealthInsurance can be found at www.AgileHealthInsurance.com.

AgileHealthInsurance is a Silicon Valley-based technology company and independently managed division of Health Insurance Innovations, Inc. (NASDAQ: HIIQ). This press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements other than historical fact, and may include statements relating to goals, plans and projections regarding new markets, products, services, growth strategies, anticipated trends in our business and anticipated changes and developments in the United States health insurance system and laws. Forward-looking statements are based on our current assumptions, expectations and beliefs are generally identifiable by use of words "may," "might," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue," or similar expressions and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements. These risks and uncertainties include, among other things, our ability to maintain relationships and develop new relationships with health insurance carriers and distributors, our ability to retain our members, the demand for our products, the amount of commissions paid to us or changes in health insurance plan pricing practices, our ability to integrate our acquisitions, competition, changes and developments in the United States health insurance system and laws, and our ability to adapt to them, the ability to maintain and enhance our name recognition, difficulties arising from acquisitions or other strategic transactions, and our ability to build the necessary infrastructure and processes to maintain effective controls over financial reporting. These and other risk factors that could cause actual results to differ materially from those expressed or implied in our forward-looking statements are discussed in HIIQ's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) as well as other documents that may be filed by HIIQ from time to time with the Securities and Exchange Commission, which are available at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. You should not rely on any forward-looking statement as representing our views in the future. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

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