The purpose of this study was to analyze the health expenditures of the elderly by examinning 1) the level of the health expenditures by socio-demographic characteristics, and 2) the factors influencing the health expenditures of the elderly. The data were collected by individual interview, consisting of a sample of 258 elders living in Chungbuk province. Of them, 244 elders were used for the analysis. The data were analyzed by frequency, percentage, mean, t-test, Anova, Tobit anlysis using SAS program. The results were as follows: there were significant differences in the health expenditures of the elderly by income, age, level of education, residential area, level of health condition, type of marriage, illness. The factors influencing the health expenditures of the elderly were income, residential area, and illness.