Do Older Workers Without Benefits Find Health and Retirement Coverage?

IB#20-12

The brief’s key findings are:

  • Workers in nontraditional jobs, without health and retirement benefits, have to seek coverage elsewhere.
  • On the health side, most do obtain coverage – often through a spouse’s employer or a private individual policy.
  • And the percentage remaining uninsured has been declining in the wake of the Affordable Care Act, particularly in states that expanded Medicaid coverage.
  • On the retirement side, workers often end up with no viable option, as they rarely open an IRA and their spouses with a 401(k) do not save more to compensate.
  • The failure on the retirement side highlights the need for auto-IRA programs.