Millennials interact with their health care providers differently than other generations, according to recent research from the Employee Benefit Research Institute (EBRI). Analysis of the EBRI/Greenwald & Associates Consumer Engagement in Health Care Survey (CEHCS) reveals how Millennials—who now outnumber Baby Boomers—are more comfortable with non-traditional engagement with their health care providers, and are more likely to apply shopping habits commonly found in the online retail realm to their health care decision-making.
The analysis finds that Millennials are:
- More than twice as likely as Baby Boomers to use a walk-in clinic. Thirty percent of millennials have used a walk-in clinic, compared to 14 percent among Baby Boomers and 18 percent among Gen Xers.
- More than twice as likely to be interested in telemedicine than Baby Boomers. Forty percent of Millennials are interested in telemedicine compared with 19 percent among Baby Boomers and 27 percent among Gen Xers.
- More likely than other generations to have researched health care options, such as checking the quality or rating of a doctor or hospital (51 percent Millennial vs. 34 percent Gen X and 31 percent Baby Boomers); using an online health cost tracking tool (28 percent Millennial vs. 17 percent Gen X and 10 percent Baby Boomers); or otherwise finding health cost information (72 percent Millennial vs. 65 percent Gen X and 64 percent Baby Boomers).
- More likely to participate in wellness programs. For example, Millennials are more than twice as likely than Baby Boomers to participate in counseling on stress management, mindfulness classes, and resiliency training (33 percent Millennial vs. 21 percent Gen X and 15 percent Baby Boomers).
“Interestingly, Millennials’ health care consumption habits correspond to being significantly more satisfied with their health plan choices,” said Paul Fronstin, director of the Health Research and Education Program at EBRI. He noted that Millennials are more satisfied with the ease of selecting a plan (56 percent Millennial vs. 46 percent Gen X and 43 percent Baby Boomers); information available to help understand health plan choices (56 percent Millennial vs. 46 percent Gen X and 46 percent Baby Boomers); number of health plans to choose from (47 percent millennials vs. 34 percent Gen X and 32 percent Baby Boomers); and availability and affordability of health plans (46 percent Millennial vs. 33 percent Gen X and 29 percent Baby Boomers).
“This perhaps reflects their comfort in researching consumer decisions online, and applying the same consumer habits they use on Amazon or other retail online cites to the health care arena.” Fronstin concluded.
Millennial employees’ level of comfort with comparison shopping makes them an ideal population for High Deductible Health Plans. Most insurance carriers offer their members online access to cost-of-care calculators, which empower the employee to find lower cost providers and maximize their health care dollars.
Have questions? Call the Employee Benefits team at The Gaudreau Group.