ACCOUNTS INSURANCE

Weather Insurance Savings Accounts

Better insurance against rainfall risk could improve the security of hundreds of millions of agricultural households around the world. This paper theoretically and experimentally analyzes an innovative financial product called a Weather Insurance Savings Account (WISA), which combines savings and rainfall insurance. We index the insurance share of the WISA by γ ∈ [0, 1] and use a standard model...

An Evaluation of Social Insurance Savings Accounts

Many countries have reformed, or plan to reform, their pension system, often replacing defined benefits with some sort of savings account. In recent years proposals have been made to apply personal savings accounts also to other elements of social insurance, such as unemployment insurance, social assistance or parental leave compensation. This paper evaluates the consequences of replacing these...

Tax credits for health insurance and medical savings accounts.

Health Savings Accounts and High-Deductible Health Insurance Plans

A small percentage of the population accounts for a • large share of total health care spending, so significantly decreasing health care spending will require substantially lowering the spending associated with high users of medical services. However, the high–deductible/HSA plan approach is not well designed for lowering the spending of the high-cost population in a manner that does not negati...

The effect of health savings accounts on health insurance coverage.

The authors investigate the potential of Health Savings Accounts (HSAs) to expand health insurance coverage. They examine how many currently uninsured people might be encouraged to buy coverage through HSAs, and what the impacts of such actions might be on the group and nongroup health insurance markets. Their main conclusions: HSAs are not likely to be an important contributor to expanding cov...