Obamacare, officially known as the “Affordable Care Act”, said you’ve got covered. However, healthcare premiums are too expensive for some families to purchase. ADP Research Institute is studying how much your earnings will affect your likelihood to participate in a health plan. Do you want to get your voice heard and make a difference in one of the long-existing problems of the country? It’s time for you to do something for yourself, your country and the next generation.
ADP Research Institute is releasing some insights from its studies started from 2012. The uniqueness about their study is the data available to the research team.
- The data comes from its clients of many companies. With permission from clients, they got huge aggregated and anonymous information to be included.
- The information includes detailed and exact information: employee base salary, eligibility, benefits elections and so on. These figures are more accurate than compiled voluntary survey results.
- The companies selected for the study is of long-tracking records with health and benefits.
- $45,000 is a threshold released by FPL (Federal Poverty Level) when in terms of participation of health care. Only when people W-2 wages is greater than 400% of that, they consistently participate in 81% of the time.
- Base on the entire data, 8.1% of full-time employees pay 9.5% or more to obtain health care coverage.
- There are only 1.0%of employees purchasing self-only coverage, the remaining 7.6% has covered dependents.
The ADP research team has drew some some conclusions about the relationships between income and health care coverage. If you’re interested, visit adp.com/workforce, log in your company, zip code and the number of employees, email address and so on to download the whitepaper to get informed.