Estimation of determinants and potential demand for private health insurance for the elderly in Korea

Sung-ho Kang; KIM DAEHWAN; Lee， Soon-Jae

doi:10.23842/jif.2019.30.1.004

The purpose of this study is to estimate the determinants of private health insurance (PHI) demand and potential demand for the elderly. The main determinants are found to be income and age, and the potential demand of PHI was estimated as KRW116,000 per month. Only 6.1% of the elderly meet this level. Comparing the unfulfilled gap rates of the unfulfilled persons only, 67.1% of the non-elderly and 91.7% of the elderly showed very weak demand. This result shows that the higher the age of the elderly, the higher the unfulfilled rate of PHI premiums, suggesting the need for policy measures such as aging reserve.

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* 2022년 이후 발행 논문의 참고문헌은 현재 구축 중입니다.

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