|Chronic obstructive pulmonary disease||5,100||9,916*|
|Any chronic condition||4,951||7,377*|
|No chronic condition||1,391||1,692|
|Self-reported health: excellent/very good/good||2,695||4,850*|
|Self-reported health: fair/poor||10,515||13,665*|
Source: 2006 Medical Expenditure Panel Survey—Household Component
* indicates that the estimates for ages 25-54 and 55-64 are statistically different at the 5% level. Expenditures are reported for individuals with a condition. Individuals with more than one condition are included in the means for each condition.
- Overall, near-elderly adults had much higher mean medical expenditures than younger adults (Table 8).
- Mean expenditures for individuals with particular chronic conditions, except cancer, were higher for near-elderly individuals than for younger individuals.
|Single policies: Age 0-39||1,761,440||165,407||1,714||98|
|Single policies: Age 40-54||1,153,929||98,786||3,570*||262|
|Single policies: Age 55-59||569,420||64,040||3,911*||349|
|Single policies: Age 60-64||527,055||64,268||4,374*||358|
|Family policies: Age 0-44||818,187||91,577||4,275||265|
|Family policies: Age 45-54||589,353||70,522||6,088*||318|
|Family policies: Age 55-64||405,215||57,711||7,901*||860|
- In the 2004-2006 period, there were on average 5.8 million policies per year purchased in the non-group (individual) insurance market, covering 9.1 million persons.
- There were 4.0 million single policies with a mean premium of $2,909 (Table 9).
- There were 1.8 million family policies covering 5.1 million individuals with a mean premium of $5,675.
- For single policies, policyholders aged 40-54 ($3,570), policyholders aged 55-59 ($3,911), and policyholders aged 60-64 ($4,374) had premiums that were significantly higher than policyholders aged 0-39 ($1,714). The differences in mean premiums for policyholders aged 40-54 and 55-59 and for policyholders aged 55-59 and 60-64 were not statistically significant.
- For family policies, policyholders aged 45-54 ($6,088), and policyholders aged 55-64 ($7,901) had premiums that were significantly higher than policyholders aged 0-44 ($4,275).
Go to Appendix Table A1 for more detailed information on this chart. Financial burden refers to people who have out-of-pocket costs for medical care and premiums that exceed 10% of the family's after-tax income.
- Near-elderly individuals were consistently at greater risk of living with high financial burdens than adults ages 25-44, regardless of their insurance status (Figure 5).
- Near-elderly individuals and those ages 45-54 with private nongroup coverage had similarly high burdens.