Fewer young employees are accepting job-based health insurance when offered it, according to a new report from ADP Research Institute.
"Among employees under age 30, only just over half participated in their employer's health benefits program in 2014. In this age group, the take rate declined -7.6% between 2010 and 2014," the report said. "Younger employees may be more likely to have lower incomes and may typically place less of a priority on health coverage. Lower participation may also be linked to dependents up to age 26 staying on a parent's health policy."
Results for all age groups in the 2014 findings were as follows:
|Age||Participating||Not participating||Not eligible|
The under-30 group was a standout on eligibility too, notching the largest increase at 4.2 percent.
"This trend of increasing eligibility among those under 30 is consistent with a recovering economy and a tightening labor market where employers offer more competitive benefit packages to attract talented employees," the report said.
Overall, eligibility remained relatively flat or increased from 2010 to 2014 for every age group among full-time employees.