Short Term Health Insurance

And Other Affordable Health Insurance Alternatives to Obamacare

April 19, 2016 09:00ET

Over 8 out of 10 adults believe health care costs won't go down, regardless of who becomes next president

Survey shows majority of Americans share bleak view in advance of new Obamacare rates

Mountain View, CA – Findings from a recent survey conducted by AgileHealthInsurance.com, the Internet's first site dedicated to helping consumers understand the value of term health insurance, show that Americans overwhelmingly lack confidence that their health care costs will decrease, regardless of who becomes the next president.

Eight out of 10 adults expressed this belief in a survey conducted earlier this month. The results come at a critical time — after the Obamacare open enrollment period, before new Obamacare rates are released this summer and in the midst of an increasingly hostile presidential campaign season.

“The survey findings reflect an unfortunate reality that many Americans simply don’t believe that Obamacare will help rein in health care costs,” said Sam Gibbs, executive director of AgileHealthInsurance.com. “Regardless of the election results, people are very skeptical that any president will be able to contain the rising costs of health insurance.”

Part of the consumer pessimism observed in the survey may have been influenced by the failure to curb rising costs over the last three years. While some Americans are eligible for subsidies, a recent study by HealthPocket Inc. estimated that more than 33 million people nationwide are in the unsubsidized health insurance market, where they lack premium assistance from the government or employers.

When comparing private insurance premiums for a 30-year-old male, the first year of the Affordable Care Act increased the average premium by 73 percent compared to the prior year’s pre-reform average. For women of the same age, the increase was 35 percent. Even recently, the health insurance market has seen substantial increases. For example, in 2016, average premiums offered to 30-year-old men increased anywhere from 10 percent to 16 percent, depending on the metal level.

As some Americans have struggled to afford the cost of Obamacare plans, there has been growing interest in term health insurance, which is less expensive. The average monthly premium for a term health insurance plan selected on AgileHealthInsurance.com is less than $100 per person. Term health insurance represents a distinct category of health insurance that is generally more affordable than Obamacare plans. Eligibility requirements and flexibility in benefits are major factors contributing to the cost savings realized by consumers.

Unlike Obamacare plans, term health insurance applications are approved or rejected based on health status, including the nature of pre-existing conditions. Additionally, consumers may still be subject to the Obamacare Tax unless they qualify for one of several exemptions. However, the lower cost of term health insurance means that even for some consumers facing the tax penalty, the combination of penalty and premium is still less expensive than an unsubsidized Obamacare premium.

The survey results are based on 1,269 responses to a nationwide survey conducted from April 7, 2016 through April 9, 2016. The survey asked respondents, "Regardless of who is elected in 2016, do you think the next president will be successful in lowering health insurance costs for most Americans?" Respondents had the option of selecting one of three answers in the following order: "Yes, I think costs will go down,” “No, I think costs will go up,” or “No, I think costs will stay the same.”

The survey was displayed within a network of over 100 different news websites and other content sites. 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 survey responses is estimated at +2.7/-2.7.

To learn more about term health insurance, visit AgileHealthInsurance's Learning Center at www.AgileHealthInsurance.com.

AgileHealthInsurance is the Internet’s first site dedicated to helping consumers understand the benefits of term health insurance. These plans are the culmination of extensive research on health insurance needs in the Affordable Care Act era. AgileHealthInsurance also provides best-of-class plan comparison and online enrollment tools to accompany these new plans. Additional information can be found at www.AgileHealthInsurance.com.

CONTACT:
Kevin McVicker,
(703) 739-5920


AgileHealthInsurance.com was launched in 2015 to educate consumers on the availability of private market health insurance products that are alternatives to Affordable Care Act (Obamacare) plans. Today AgileHealthInsurance is the largest distributor of short-term health insurance, providing 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.

Forward-Looking Statements

AgileHealthInsurance.com 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.