GITNUX MARKETDATA REPORT 2024
Insurance Coverage Duration Statistics
Insurance coverage durations vary based on the type of policy and individual circumstances, with some policies lasting a few months to several decades.
With sources from: census.gov, healthsystemtracker.org, kff.org, cdc.gov and many more
Sources
In this post, we will explore a comprehensive set of statistics related to insurance coverage duration, offering insights into the various durations of coverage experienced by individuals in the United States, Canada, and globally. From the percentage of uninsured adults with lengthy coverage gaps to the average duration of specific insurance policies, these statistics shed light on the complexities of health and disability insurance in different regions.
Statistic 1
"Over 92% of the US population had health insurance coverage for the entirety of 2020."
Statistic 2
"Among those with private insurance, 67.2% held policies for more than a year as of 2020."
Statistic 3
"Among uninsured adults in 2018, 52% had been without coverage for more than two years."
Statistic 4
"As of 2019, approximately 65.7% of Americans had continuous insurance coverage with the same carrier for more than 5 years."
Statistic 5
"Nearly 15% of the global population has no form of health insurance coverage, implying lifelong uninsured period."
Statistic 6
"20% of non-elderly adults in the United States have unstable health insurance coverage."
Statistic 7
"Nearly 25% of adults in the US experienced a gap in their health insurance coverage in 2020."
Statistic 8
"Among Americans aged 65 and over, virtually all (99%) have long-term, consistent health insurance coverage, largely due to Medicare."
Statistic 9
"In Canada, 94.4% of all households reported having some form of health insurance in 2013."
Statistic 10
"8% of uninsured adults in the US in 2019 said they had been without health insurance for less than a year."
Statistic 11
"In 2016, the average duration of long-term care insurance claims was 2.6 years for women and 1.5 years for men."
Statistic 12
"The average adult in the U.S experienced a gap in health insurance coverage of 2.4 years as of 2016."
Statistic 13
"In 2019, 21.6% of U.S uninsured adults reported a gap in coverage of less than a year."
Statistic 14
"The maximum duration of unemployment insurance in Canada is 45 weeks."
Statistic 15
"Between 2013-2022, the average health insurance coverage duration in Taiwan was 99.3%."
Statistic 16
"In 2019, the average duration of short-term health insurance policies in the US was nearly 6 months."
Statistic 17
"The average duration of long-term disability claims for American workers is 34.6 months."
Interpretation
In conclusion, the statistics presented highlight the diverse landscape of health insurance coverage durations across different populations and countries. While a significant portion of the US population maintains consistent coverage over the years, there are substantial proportions experiencing gaps or prolonged periods without insurance. Disparities exist between different demographic groups, with seniors and Canadians showing higher rates of long-term coverage. The variations in insurance coverage durations underscore the importance of continued efforts to ensure access to healthcare for all individuals, regardless of their circumstances.
Jannik Lindner
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