全球智库信息集成服务系统(G2TT): Time Aggregation in Health Insurance Deductibles

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w28430
来源ID	Working Paper 28430
	Time Aggregation in Health Insurance Deductibles
	Long Hong; Corina Mommaerts
发表日期	2021-02-08
出版年	2021
语种	英语
摘要	Health insurance plans increasingly pay for expenses only beyond a large annual deductible. This paper explores the implications of deductibles that reset over shorter timespans. We develop a model of insurance demand between two actuarially equivalent deductible policies, in which one deductible is larger and resets annually and the other deductible is smaller and resets biannually. Our model incorporates borrowing constraints, moral hazard, mid-year contract switching, and delayable care. Calibrations using claims data show that the liquidity benefits of resetting deductibles can generate welfare gains of 3-10% of premium costs, particularly for individuals with borrowing constraints.
主题	Microeconomics ; Households and Firms ; Economics of Information ; Financial Economics ; Financial Institutions ; Health, Education, and Welfare ; Health
URL	https://www.nber.org/papers/w28430
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/586103
推荐引用方式 GB/T 7714	Long Hong,Corina Mommaerts. Time Aggregation in Health Insurance Deductibles. 2021.