Decoding Your Health Insurance: The New Summary of Benefits and Coverage
A report from Families USA, May 2012
Note: This report contains data for all states and the District of Columbia.
Key Findings
Transparency for Those with Private Insurance
- Nearly two-thirds of non-elderly Americans (nearly 173.5 million people, or 65.1 percent) will be helped by the Summary of Benefits and Coverage.
- More than 90 percent of Americans (157.1 million people) who will be helped by the Summary of Benefits and Coverage are insured through a job-based health plan.
- Nearly 18.7 million non-elderly Americans who buy health insurance in the individual market will also be helped by the Summary of Benefits and Coverage.
Choice in the Job-Based Market
- Nearly two-thirds of American workers (more than 71.1 million people, or 65.6 percent) are employed by firms that offer a choice of health plans.
- Well over eight in 10 people employed by large firms (those with 1,000 or more workers) work for a firm that offers a choice of health plans. That’s more than 43.2 million people, or 84.6 percent of all those who work for large firms.
- More than one in four (26.7 percent of) small business workers, nearly 8.0 million people, are employed by a small business (those with fewer than 50 workers) that offers a choice of health plans.
