Serving Western Massachusetts 
   (413) 532-0305             1 Main Street          Holyoke, Ma 01040
Home Page

 

  • Home
  • Get A Quote
    • Annuities
    • Automobile
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Workers Compensation Quote
    • HomeownersImage of right arrow
      • Homeowners Insurance Quote
      • Homeowner Flood Quote Form
    • LifeImage of right arrow
      • Life Insurance Quote
      • Term Life Insurance Quote
    • Motorcycle
    • Renters
  • Customer Service
    • AutomobileImage of right arrow
      • Request Declaration and Coverages Page for Auto Policy
      • Send Declaration and Coverages Information to Lien Holder
      • Add Vehicle to Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
      • Add Driver to Existing Auto Policy
      • Remove Driver from Existing Auto Policy
    • Business & CommercialImage of right arrow
      • Request Declaration and Coverages Page for Commercial Auto Policy
      • Add Vehicle to Existing Commercial Auto Policy
      • Remove Vehicle from Existing Commercial Auto Policy
      • Add Driver to Existing Commercial Auto Policy
      • Remove Driver from Existing Commercial Auto Policy
      • Request General Liability Certificate of Insurance
    • Homeowners
    • MotorcycleImage of right arrow
      • Request Declaration and Coverages Page for Motorcycle Policy
      • Add Motorcycle to Existing Policy
      • Remove Motorcycle from Existing Policy
      • Add Driver to Existing Motorcycle Policy
      • Remove Driver from Existing Motorcycle Policy
    • Other
    • Renters
  • Blog
  • Make a Payment
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Calculators
    • Important Files
    • Free Reports
    • Insurance Glossary
  • About Us
    • About Lawler Insurance Agency
    • Location Map
    • Employee Directory
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
 

Home > Blog > Many spend 15 minutes or less picking health insurance


FRIDAY, AUGUST 21, 2015

Many spend 15 minutes or less picking health insurance

Many people (41%) spent 15 minutes or less researching their health insurance plan options during the 2013 open enrollment period, according to a survey.

That's far less time than they take on other major purchases. Other data show that people spend an average of 10 hours researching a new car purchase; five hours planning a vacation; four hours shopping for a new computer and two hours buying a TV.

Health insurance is a significant portion of people's budget, but they don't spend a whole lot of time looking into it, such as accident, cancer, critical illness, dental and vision. Other research shows they pay an average of $4,500 a year on premiums for employer-sponsored plans.

One reason for this may be that most people (90%) keep the same benefits year after year, and many people don't realize how much their insurance costs them over the course of the year.

Other findings of the survey, which is based on 2,100 people who were employed full time or part time:

• 42% of workers say they waste up to $750 each year on mistakes with their insurance benefits.

• 73% of workers have trouble understanding what is covered by their policies.

• 64% often don't understand changes in their coverage.

• 51% say the amount they paid for health care in 2014 was considerably or somewhat more than in 2013.

• 33% of workers expect to pay $1,000 or more for out-of-pocket expenses in 2014.

The open enrollment period for many companies begins in October so now is the time to start thinking about your health insurance options. Carefully review and compare the benefits information by attending any on-site seminars, participating in webinars and reading the relevant education materials.

Understanding your benefits options will help you select the right insurance coverage to protect yourself and your family.

Read More: Source

Posted 11:29 AM

Tags: insurance, health
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2017
  • 2016
  • 2015

  • insurance(101)
  • tips(41)
  • life(34)
  • home(28)
  • auto(20)
  • car(17)
  • homeowner(16)
  • safety(11)
  • business(9)
  • claims(8)
  • homeowners(8)
  • house(8)
  • holiday(7)
  • health(6)
  • family(5)
  • policy(5)
  • summer(4)
  • rates(4)
  • winter(3)
  • valentine(3)
  • money(3)
  • commercial(3)
  • accident(3)
  • halloween(3)
  • claim(3)
  • renters(3)
  • dog(3)
  • workers compensation(2)
  • college(2)
  • traffic(2)
  • mistakes(2)
  • crash(2)
  • thanksgiving(2)
  • save(2)
  • spouse(2)
  • value(2)
  • children(2)
  • theft(2)
  • funny(2)
  • saving money(1)
  • annuities(1)
  • labor day(1)
  • new year(1)
  • crime(1)
  • loans(1)
  • texting(1)
  • pets(1)
  • disability(1)
  • customers(1)
  • financial(1)

View Mobile Version
       Get Your Free Quote 
                     Today!!





Refer Referrals
We love referrals! And thank you even more for your continued business.
Policies Blog
Read our latest blogs and stay up to date.
Newsletter Join Our Newsletter
Stay in touch with the latest events, news and offers we have.

Read More Read More Read More
Our Office Connect With Us

Physical:
1 Main St
Holyoke, MA 01040

Mailing:
PO Box: 388
Holyoke, MA 01041

Visit Our Location

Contact Us Today!

PH: 413.532.0305
FX: 413.536.5821

Meet Our Employees
  Facebook Twitter Blog
Your Trusted Broker
  
Home     A Quote     Customer Service     Resources     About Us     Contact  Powered by Insurance Website Builder