Comparing the assets of uninsured households to cost sharing under high-deductible health plans

Health Aff (Millwood). 2008 May-Jun;27(3):w214-21. doi: 10.1377/hlthaff.27.3.w214. Epub 2008 Apr 15.

Abstract

Financial assets are relevant when one is assessing whether high-deductible plans, which require greater up-front cost sharing, are worthwhile for the uninsured. We show that uninsured households have less financial assets compared to the insured; at lower income levels, their net financial assets may even be negative. Although lower premiums may increase the ability of the uninsured to buy some coverage, high out-of-pocket liability may leave families exposed to costs that they cannot meet. Paying premiums for a policy that exposes the uninsured to unaffordable medical bills may be viewed as an uneconomical use of their limited assets.

Publication types

  • Comparative Study

MeSH terms

  • Cost Sharing / economics*
  • Data Collection
  • Deductibles and Coinsurance
  • Humans
  • Insurance Coverage / economics
  • Insurance, Health / economics*
  • Medically Uninsured / statistics & numerical data*
  • United States