BIO

Hello! My name is Kyle Lam and I am a first-year student from Chicago, Illinois majoring in statistics and actuarial science with plans on pursuing a career as an actuary.

Price Variations in Health Insurance Marketplaces

Abstract

Pricing for health insurance plans vary based on numerous factors including age of the beneficiary, location, unique insurers/total number of plans offered in the area, and plan type. In this project, we investigated price variations and potential correlations between insurance plans offered in state marketplaces for twenty-seven year olds. This specific age was chosen for analyses as at twenty-seven, most dependents have been released from their parents’ insurance plans.

Keywords: Statistics, Insurance, Data