Social Interactions and the Health Insurance Choices of the Elderly: Evidence from the Health and Retirement Study

33 Pages Posted: 16 Apr 2011

See all articles by Eldar Beiseitov

Eldar Beiseitov

Syracuse University - Center for Policy Research

Jeffrey D. Kubik

Syracuse University - Department of Economics

John R. Moran

Penn State University

Multiple version iconThere are 2 versions of this paper

Date Written: June 1, 2004

Abstract

Using data from the 1998 Wave of the Health and Retirement Study, we examine the effect of social interactions on the health insurance choices of the elderly. We find that having more social interactions, as measured by contacts with friends and neighbors, reduces the likelihood of enrolling in a Medicare managed care plan relative to purchasing a medigap policy or having coverage through Medicare alone. Our estimates indicate that social networks are an important determinant of the health insurance choices of the elderly and provide suggestive evidence that "word-of-mouth" information sharing may have played a role in the preference of some seniors for traditional indemnity insurance over managed care.

JEL Classification: I11, J14

Suggested Citation

Beiseitov, Eldar and Kubik, Jeffrey D. and Moran, John R., Social Interactions and the Health Insurance Choices of the Elderly: Evidence from the Health and Retirement Study (June 1, 2004). Available at SSRN: https://ssrn.com/abstract=1809901 or http://dx.doi.org/10.2139/ssrn.1809901

Eldar Beiseitov

Syracuse University - Center for Policy Research ( email )

Syracuse, NY 13244
United States

Jeffrey D. Kubik (Contact Author)

Syracuse University - Department of Economics ( email )

426 Eggers Hall
Syracuse, NY 13244-1020
United States
315-443-9063 (Phone)
315-443-1081 (Fax)

John R. Moran

Penn State University ( email )

116 Henderson Bldg.
Penn State University
University Park, PA 16802
United States

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