Learn about the actuarial career and its role within the insurance industry.
The SOA provides exams and education for pursuing actuarial credentials.
The SOA offers a variety of continuing education, from webcasts to live events.
Access findings from the SOA’s various research studies, papers, essays and more.
Learn about the many different professional interest sections, from newsletters to in-person meetings.
The SOA provides its members and candidates with a variety of actuarial tools and resources.
Through education and research, the SOA helps its members to serve as leaders of the measurement and management of risk.
North American Actuarial JournalVolume 12, Issue 3, 2008David Bernstein PhD
Group health insurance policies offering an identical benefit package to every member of the group result in lower expected health benefits for younger cohorts than older cohorts. The dispersion in insurance benefits across age groups differs among insurance policies. Simulation results presented in this paper demonstrate that a shift from comprehensive health insurance to high-deductible health insurance decreases the share of expected benefits going to younger cohorts. An estimated 81.5% of the 23-to-32-year-old cohort is expected to receive less than $500 in health benefits during a year for one prototypical high-deductible health plan. Low expected benefits for younger relatively healthy cohorts could increase the number of younger individuals who eschew health coverage. Age-rated premiums are probably the most straightforward way to stimulate demand for high-deductible health plans among younger healthier individuals.
Download Full Text (Members)
Download Full Text (Non-Members)