The amount of employees using health insurance plans from their employees is down, especially in New York. According to a new report by the New York State Health Foundation, New York workers are using their employer’s health insurance coverage at a lower rate than across the nation and much lower than they were ten years ago.
The article “Job-Based Insurance Usage Decline” by Jonathan D. Epstein on BuffaloNews.com discusses this report in more detail and points out the flaw in the state’s health insurance system. Employees are finding health insurance on their own because of rising costs and a slowing economy, and this very well may worsen over time.
About 58% of workers in New York are covered by an employer-sponsored health plan which is way down from 69% in 2001. This drop is even more significant among mid-sized companies with 50-199 employees. This is surprising since 70% of employers statewide still offer health coverage which has remained steady over the years and is higher than the national average of 60%. That means a big chunk of employees who have employer-sponsored plans available to them are not taking advantage of it because they can find better plans elsewhere or are looking to save as much money as possible.