Time Aggregation in Health Insurance Deductibles (Record no. 133392)

MARC details
000 -LEADER
fixed length control field 01614nas a2200229Ia 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 240628c99999999xx |||||||||||| ||und||
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 1945-7731
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Mommaerts, Corina
9 (RLIN) 119208
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Hong, Long
9 (RLIN) 119209
245 #0 - TITLE STATEMENT
Title Time Aggregation in Health Insurance Deductibles
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. American Economic Journal: Economic Policy
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 270-299
520 ## - SUMMARY, ETC.
Abstract 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, midyear contract switching, and delayable care. Calibrations using claims data show that the liquidity benefits of resetting deductibles can generate welfare gains of 3–10 percent of premium costs, particularly for individuals with borrowing constraints.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Insurance Companies
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Intertemporal Household Choice
9 (RLIN) 119210
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Life Cycle Models and Saving, Asymmetric and Private Information
9 (RLIN) 119211
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Mechanism Design, Insurance
9 (RLIN) 119212
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Actuarial Studies, Household Finance: Household Saving, Borrowing, Debt, and Wealth, Household Finance: Insurance, Health Insurance, Public and Private
9 (RLIN) 119213
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Health
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://www.aeaweb.org/articles?id=10.1257/pol.20210799">https://www.aeaweb.org/articles?id=10.1257/pol.20210799</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 133392
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        Dr VKRV Rao Library Dr VKRV Rao Library 28/06/2024 Vol. 16, No. 2   AI91 28/06/2024 28/06/2024 Article Index