Do Older Workers Without Benefits Find Health and Retirement Coverage?
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.