Table 2.
| Premium | OOP | Variance | F-test | |
|---|---|---|---|---|
| Age 1 | −0.4616 (.0109) | −0.1105 (.00 42) | −0.0008 (.00 19) | X2(5)=1570, p < .0001 |
| Age 2 | −0.4625 (.0062) | −0.1085 (.0024) | −0.0001 (.0008) | X2(5)=1658, p < .0001 |
| Age 3 | −0.5172 (.0110) | −0.1162 (.0042) | −0.0009 (.0016) | X2(5)=1751, p < .0001 |
| Female | −0.4671 (.0104) | −0.1109 (.0039) | 0.0002 (.0016) | X2(5)=1726, p < .0001 |
| Male | −0.4855 (.0078) | −0.1119 (.0030) | −0.0008 (.0010) | X2(5)=3176, p < .0001 |
| Expend 1 | −0.6722 (.0130) | −0.1462 (.0223) | 0.0030 (.0021) | X2(5)=2709, p < .0001 |
| Expend 2 | −0.5536 (.0112) | −0.1473 (.0085) | −0.0015 (.0017) | X2(5)=1909, p < .0001 |
| Expend 3 | −0.3955 (.0105) | −0.0847 (.0029) | −0.0009 (.0012) | X2(5)=1421, p < .0001 |
| Acute | −0.5206 (.0124) | −0.1076 (.0059) | −0.0006 (.0026) | X2(5)=1673, p < .0001 |
| Chronic | −0.4620 (.0072) | −0.1111 (.0026) | −0.0006 (.0008) | X2(5)=3261, p < .0001 |
Notes: This table reports the coefficients on premiums, expected out of pocket costs, and the variance of out of pocket costs from the conditional logit model in equation (1), as well as an F-test for the significance of financial plan characteristics. Premiums and out of pocket costs are in hundreds of dollars, the variance is multiplied by 106. Age 1, Age 2, Age 3, Expend 1, Expend 2 and Expend 3 denote respective terciles of the age and expenditure distributions. Acute and Chronic are defined in the text. Standard errors are in parentheses.