Millennials—they’re a generation that’s getting a lot of attention these days, and it’s easy to see why. According to the U.S. Bureau of Labor Statistics, millennials (those born between about 1981 and 1996) will soon be the largest segment in the workplace, expected to grow to 50 percent of the workforce within the next two years—and by 2030, that number will increase to 75 percent of the U.S. workforce.
In a recent Blue Cross Blue Shield, The Health of America Report®, The Health of Millennials, we uncovered a few concerning trends that could directly impact the future health of your organization. For instance, did you know that one-third of millennials have health conditions that affect their quality of life, with behavioral health being a major contributing factor? In fact, major depression as well as hyperactivity and type II diabetes had the largest growth in prevalence among millennials from 2014-2017. And, does it surprise you to learn that millennials are less healthy than Gen Xers were at the same age?
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Blue Cross and Blue Shield companies have been holding listening sessions in communities across America with millennials, healthcare professionals, employers and their employees, and community leaders, to gather firsthand insights on how to improve the health status of millennials. This is something that’s important to us all, and we’d like to share what we’ve been hearing in our sessions as we lead up to our national forum, Millennial Health: A Call to Action, on November 6, 2019.
As more and more employers are finding out, millennials have different expectations than previous generations when it comes to the workplace and benefits. We heard that creating a culture that meets their goals and objectives through flexible work schedules and work/life balance is important. In terms of benefits, some said employers who offer good health benefits and wellness programs are viewed as being invested in and caring for their employees.
According to the National Millennial Health survey conducted by the Blue Cross Blue Shield Association in August 2019, 42 percent of millennials said that their employer’s health insurance was a positive factor in their choice to work for them. What’s more, the majority of those surveyed (52 percent) said their current health insurance is very or extremely impactful on their decision to stay with their current employer.
Offering great benefits is one thing; making sure your employees take full advantage of their benefits is another. Participants we talked to agreed that even though they are highly educated, they still struggle with understanding how to use their health insurance and access services. Whether it be through better communication and education, or well-being incentives and perks, employers need to find more effective ways to connect and engage with their millennial employees.
So, exactly how does your organization meet millennials where they are in terms ofhealthcare? Good question—and one we asked our participants. Based on their responses, here are some suggestions worth considering:
The more we start thinking about personalizing and optimizing healthcare to help it work harder for millennials, the closer we may get to improving the health of this generation—and strengthening the future health of your organization.
In our next blog, we’ll discuss more of The Health of America Report findings, including the prevalence of behavioral health issues among millennials. The data shows that six of the top 10 health conditions affecting this generation impact their mental health and emotional well-being. What could this mean for your employees—and your organization? What are some possible solutions?
Be sure to check out our upcoming blog as we shed more insight on the topic. And if you haven’t registered, click below to reserve your spot at our national forum, Millennial Health: A Call to Action, on November 6, 2019.
Register for the national millennial health forum
View the millennial health infograpic
By: Brian Harvey
Originally Posted: September 2019
Brian is the Executive Director for The Health of America research initiative. He leads a talented team of analytics experts that seek to develop insights from the medical claims data from one out of three commercially insured Americans. The team then develops those insights into powerful health stories designed to help to improve the health of America.
With over 30 years of experience creating and directing global marketing initiativesfor Accenture, Brian is a research and analytics expert. He is devoted to finding theanswer to the toughest research questions and turning those answers intopractical insights that can be used to drive change. Brian has an MBA from Southern Illinois University and a BS in Marketing from Quincy University.
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