Nearly 1 in 4 gig workers don’t have health insurance, study finds

This voice is auto-generated. Please let us know if you have any feedback.

Dive briefs:

  • Nearly a quarter of gig workers say they don’t have health insurance, according to a new survey. Nearly six of his 10 of these uninsured workers said the lack of affordability was the main reason they decided not to have health insurance this year.
  • Gig workers who identify as Hispanic or Latino are more likely to be uninsured (31%) than those who identify as Black or African American (24%) or White (22%).
  • A survey of more than 4,000 gig workers by insurance broker Stride Health also found that almost half of those with insurance have not paid their premiums this year. Given that market subsidies for the Affordable Care Act increased last year. According to Stride, the findings show an educational gap among gig workers who believe health insurance is out of reach.

Dive Insight:

The U.S. Relief Plans Act of 2021 increased the market health insurance premium tax credit, expanded eligibility to more individuals, and increased the uninsured rate in the United States. to an all-time low of 8%.

finished Enactment of the Inflation Control Law In August, the subsidy for those who purchased a plan through the Marketplace was extended through 2025.

Of the record 14.5 million people currently enrolled in marketplace plans, 13 million receive various amounts of subsidies to reduce their premiums, Stride said.

Insurance brokers for companies such as Uber, DoorDash, Instacart, Amazon, GrubHub and Etsy said more than 50 million individual and gig workers were uninsured through employer-sponsored plans.

But Stride said more people shop for coverage. In 2022, Gig said 88% of his workers would re-enroll on a new plan or keep their current health insurance, up from 64% of him in 2020.

“With nearly half of its employee insured paying $0 for that coverage, every independent worker should assess tax credit eligibility, compare or change plans, and receive coverage in 2023. It is important to receive the Originator of Stride.

Founded in 2013, San Francisco-based Stride is backed by $96 million in equity from Venrock, New Enterprise Associates, Fidelity’s F-Prime Capital Partners, Mastercard, Allstate and King River.

Leave a Comment