--- title: One-quarter of Millennials are uninsured—One of 3 things you need to know this week in employee benefits | Segal Benz description: Read three things you need to know this week in the world of employee benefits, including the latest on new survey results from InsuranceQuotes.com, the anniversary of ERISA, and more! image: https://segalbenz.com/hubfs/sb-blog-default-feature_r01vQ-1-1200x680.png --- ![sb-blog-default-banner_r01vP-1-2000x1134](https://segalbenz.com/hs-fs/hubfs/sb-blog-default-banner_r01vP-1-2000x1134.png?width=300&name=sb-blog-default-banner_r01vP-1-2000x1134.png) [Admin](https://segalbenz.com/blog/author/admin) September 2, 2014 1 min read # One-quarter of Millennials are uninsured—One of 3 things you need to know this week in employee benefits [Previous post ](https://segalbenz.com/blog/you-are-getting-sleepy-employees) [Next post ](https://segalbenz.com/blog/literacy-requires-common-language-and-understanding-how-increase-your-employees-health-literacy) - [**](http://www.linkedin.com/shareArticle?url=https://segalbenz.com/blog/one-quarter-millennials-are-uninsured-one-3-things-you-need-know-week-employee-benefits&title=One-quarter%20of%20Millennials%20are%20uninsured—One%20of%203%20things%20you%20need%20to%20know%20this%20week%20in%20employee%20benefits) ### Survey: One in four young adults go without health coverage [New survey results from InsuranceQuotes.com](http://www.insurancequotes.com/health/millennials-and-insurance) reveal that nearly one in four Millennials (ages 18–29) don’t have health insurance. The poll finds that young adults are less likely than all other age groups to have health coverage—or any other type of coverage for that matter. [Millennials](https://segalbenz.com/blog/new-models-let-computer-choose-your-hix-plan-cvs-gets-sued-over-wellness-program-what) also are less likely to have auto, life, disability or home/renter’s insurance, according to InsuranceQuotes.com. The findings are surprising, considering this age group is allowed to [remain on their parents’ health insurance policies until age 26](https://segalbenz.com/blog/health-care-reform-age-26-dependents-whats-the-right-message), and also could likely to qualify for [health care reform subsidies](https://segalbenz.com/blog/young-americans-can-buy-health-insurance-daily-cost-coffee-final-mental-health-parity-rules) if they purchased policies on their own. ### Financial literacy gender gap narrows According to [a recent report from Financial Finesse](https://www.financialfinesse.com/), from 2012 to 2013, the overall gender gap in financial literacy shrank from a 14 percentage-point difference to just under a 13 percentage-point difference. Although it may seem like a small movement, the organization emphasizes the overall advances women are making. While each gender is moving ahead in financial understanding of concepts like retirement planning, investing, saving and tax planning, women appear to be taking larger strides. In particular, women are closing the gap in several key areas, including managing debt, saving for emergencies, and feeling like they are [on track for retirement](https://segalbenz.com/blog/ignoring-retirement-realities-could-put-women-shaky-ground). This will surely be a topic at [“New Approaches to Engagement,”](https://segalbenz.com/events/new-approaches-engagement) a financial wellness event we’re thrilled to be hosting jointly with Hello Wallet. We’ll have finance, retirement, and communication experts on hand to discuss best practices and success stories in engaging employees around financial literacy. If you're in the Bay Area, we'd love to see you. ### This week’s hidden gem: Happy 40th birthday, ERISA! Today (Sept. 2) marks the 40th anniversary of the signing of the Employee Retirement Income Security Act. In recognition of this landmark day in benefits history, [view an Employee Benefit News slideshow](http://ebn.benefitnews.com) including 11 major milestones in the life of ERISA. ### Work with Us We partner with organizations that value their people first. [Let’s talk.](https://segalbenz.com/contact-us-form?hsLang=en) [Admin](https://segalbenz.com/blog/author/admin) ![Lenovo client story banner](https://segalbenz.com/hs-fs/hubfs/Lenovo-tile-770x770-1.png?width=400&height=400&name=Lenovo-tile-770x770-1.png) Client Stories Learn how we help our clients achieve results. [ Go to client stories ](https://segalbenz.com/client-stories) Sign Up for Our Email Stay up to date with the latest in HR and benefits communications. [ Subscribe now ](https://segalbenz.com/email-alert-signup-form) Resources on Demand Check out our library of resources—free to download! [ Explore resources ](https://segalbenz.com/resources)