Uninsured by Choice? A Choice Experiment on Long Term Care Insurance

نویسندگان

چکیده

We examine evidence from two unique discrete choice experiments (DCE) on long term care insurance and several of its relevant attributes, more specifically, choices made by 15,298 individuals in the United States with without insurance.We study valuation following namely daily benefit, coverage, compulsory voluntary nature policy design, alongside costs (insurance premium) health requirements This paper investigates respondents' preferences willingness to pay (WTP) for these insurance's attributes using a random parameter logit model, assess heterogeneity responses demographic, socioeconomic attitudinal motivations segment response choices.We find that an increase premium additional 100US$ would reduce uptake 1pp. Insurance is higher when it provides benefits lifetime (the monthly marginal WTP being $178.64), increases extra $74.71) as opposed universal, forgoes checks 28US$).

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Developing attributes and levels for a discrete choice experiment on basic health insurance in Iran

Background: Nonmarket stated preferences valuation, especially discrete choice experiments (DCEs), is one of the commonly used techniques in the health sector. The primary purpose of this approach is to help select attributes and attributes-levels that are able to properly describe health care products or services. This study aimed at developing attributes and attributes-levels for basic health...

متن کامل

Eliciting Preferences for Health Insurance in Iran Using Discrete Choice Experiment Analysis

Background The preferences of Iranians concerning the attributes of health insurance benefit packages are not well studied. This study aimed to elicit health insurance preferences among insured people in Iran during 2016.   Methods A mixed method...

متن کامل

A primer on long-term care insurance.

Long-Term Care Insurance (LTCI) was part of the CLASS Act, established by the Affordable Care Act (ACA). Although this initiative is on hold, at least 70 percent of people over 65 will eventually need long-term care, either at home or in a nursing home, and that can be very expensive. This Editorial looks at the basics of LTCI. State-specific laws are applicable with LTCI.

متن کامل

Long term care insurance.

Long term care is a relatively new employee benefit issue and was virtually unheard of two years ago. Long term care plans have been implemented in a handful of companies and government retirement systems. Long term care has become an employee benefits issue because of the growing awareness of the risks of long term care to the elderly and the costs of long term care. Long term care benefit pla...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Social Science Research Network

سال: 2022

ISSN: ['1556-5068']

DOI: https://doi.org/10.2139/ssrn.4119171