Health Coverage Keeping You In A Bad Job?
More and more Texans are staying in their jobs because of the healthcare benefits. And it’s this fear of losing health coverage that unfortunately keeps most individuals in jobs where they're not their most productive. Economists and employment experts call this phenomenon "job lock." Various studies claim it could reduce job mobility by up to 25 percent.A survey of employees by Hewitt Associates last year uncovered the fact that healthcare coverage is the most important benefit, outscoring compensation two to one. In addition, two-thirds of respondents said health coverage was a primary factor in their employment decision. The same two-thirds, who are under the age of 65, rely on their employer for health insurance.So it's no wonder the fear of losing health insurance keeps individuals in jobs they don’t care for. It’s getting scary out there without health insurance. According to recent findings from a Harvard University study, catastrophic illnesses are claimed to have triggered approximately half of all personal bankruptcies in the United States.In a number of employment surveys, one of the top reasons people don’t strike out on their own is, again, their fear of losing their healthcare plan. As it currently stands, one-third of jobs in the U.S. provide no health insurance at all, with that number continuing to grow. A number of Americans, such as retail workers who work for a lower-wage, just can't afford their employer's plan. Furthermore, people with preexisting medical conditions often find themselves in an even bigger bind and have more critical reasons to remain with an employer. So it stands to reason that many workers just hang on to jobs they hate.Individual health insurance is the solution to job lock. You take individual insurance with you from job to job and even those periods between jobs. If you’re unsure about your current employment situation, searching for a new job, or thinking about taking some time off, you should take a look at the revolutionary, comprehensive individual health insurance solutions created by Precedent specifically for young, healthy individuals. For more information, visit us at our website, www.precedent.com. We offer a unique and innovative suite of individual health insurance solutions, including highly competitive HSA-eligible plans, and an unparalleled "real time" application and acceptance experience.
About the Author
Precedent - Easy, affordable, online - we offer a new spin on health insurance. Visit their website at: http://www.precedent.com
Tell others about
this page:
Comments? Questions? Email Here