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Transferable Ageing Provisions in Individual Health Insurance Contracts

Florian Baumann (), Volker Meier () and Martin Werding ()

No 32, ifo Working Paper Series from ifo Institute - Leibniz Institute for Economic Research at the University of Munich

Abstract: We consider lifetime health insurance contracts in which ageing provisions are used to smooth the premium profile. The capital stock accumulated for each individual can be decomposed into two parts: a premium insurance and an annuitised life insurance, only the latter being transferable between insurers without triggering premium changes through risk segmentation. In a simulation based on German data, the transferable share declines in age and falls with an increasing age of entry into the contract. In spite of different benefit profiles, it is almost identical for women and men.

Keywords: Health insurance; lifetime contracts; ageing provisions; premium insurance; simulations (search for similar items in EconPapers)
JEL-codes: D91 G22 I18 (search for similar items in EconPapers)
Date: 2006
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Related works:
Journal Article: Transferable Ageing Provisions in Individual Health Insurance Contracts (2008) Downloads
Working Paper: Transferable ageing provisions in individual health insurance contracts (2008)
Working Paper: Transferable Ageing Provisions in Individual Health Insurance Contracts (2004) Downloads
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