Learning Center > Survey Findings: Coronavirus Economic Impacts

Survey Findings: Coronavirus Economic Impacts

It’s no secret that the Coronavirus pandemic is impacting our economy and unemployment rate in unprecedented ways. In fact, our unemployment claims have reached 17 million over the past two weeks alone.

That’s why we recently launched a coronavirus economic impact survey to more than 1,000 respondents who answered personal questions about their concerns on medical costs, unemployment and the loss of health insurance, especially in light of COVID-19.

One thing that stood out: While some of our respondents reported losing their health insurance during this pandemic, more than half of them said they don’t know their health insurance options if they were to lose their job-based coverage.

Survey Highlights

COVID-19 Infographic HealthInsurance.com Coronavirus Economic Impact on Employment, Health Insurance and Finances Infographic

Other findings

Financials and Health Insurance

  • 90% have health insurance.
  • 77% are unable to pay their bills this month.
  • 24% have lost their jobs due to the Coronavirus pandemic, yet 56% don't know their health insurance options if they lost their health insurance during the pandemic.

Telemedicine During COVID-19

  • 85% are unaware that you can just buy a standalone telemedicine plan through providers like Teladoc.
  • 47% intend on using telemedicine services to reduce their risk of COVID-19 exposure during the pandemic.
  • 45% would use a telemedicine (aka "televet") appointment for their pet.
  • 33% have received correspondence from their regular doctors about telemedicine.

Some Positive Notes During COVID-19

  • 92% reported following their states' stay-at-home guidelines
  • 81% said their neighbors, friends and family members are following their states' stay-at-home-guidelines.

It's worth mentioning that the final question asked respondents if they think healthcare workers on the frontlines of COVID-19 deserve a “bonus” from the federal government. And 87% said yes - a real testament to the hard work of our everyday healthcare heroes - and one thing mostly everyone can agree on.

Our Methodology

The above results were gathered through an online poll of more than 1,000 Americans between the ages of 18-64. The poll was conducted from April 3, 2020 to April 7, 2020, gleaning representative samples from each state based on population.

Health Insurance and Telemedicine Resources

View More Coronavirus Survey Findings

Healthinsurance.com LLC is a commercial site designed for the solicitation of insurance from selected health insurance carriers. It is not an insurer, an insurance agency, or a medical provider. You may obtain a complete list of available Medicare plans by contacting 1-800-MEDICARE (TTY users should call 1-877-486-2048), 24 hours a day/7 days a week or consult www.medicare.gov.