The majority of Medicare beneficiaries rely on
supplemental insurance to help fill the gaps in
Medicares benefit package and to protect themselves
from large, unanticipated health care expenses.
Although numerous studies have been conducted on
Medicare Supplemental insurance ownership, few
attempts have been made to explore the decision-
making process for purchasing Medigap. This book
examined decision factors in the dynamics of private
supplemental insurance purchases on the conceptual
framework of Bounded Rationality. The study used
Multilevel modeling to examine the...