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Isn't the expected value of health insurance for a healthy purpose going to be highly negative?

And so, it might be unwise for a healthy person to purchase health insurance on the individual open market?    First, we have the insurance companies as a profit-taking industry. They exist to make money. So obviously they take in more premiums than they pay out for medical expenses. Right off the bat, we have a negative expected value for the buyers of health insurance. In other words, you should expect that the premiums you pay to the health insurance company will be more than the benefits you get back, on average.    But on top of that, for a HEALTHY person, the difference would be even greater. Since your risk is grouped together with the risk of more unhealthy people (obese, smokers, etc), you're basically subsidizing their insurance. So the difference between your premiums and the expected benefits you get back is even more.    It seems like a very fit, health-conscious person is really taking it on the chin by buying health insurance in the individual market. Maybe they'd often be better off by just building up a health savings account and self-insuring?

BEST ANSWER:  I recommend that you visit this web page where one can get rates from the best companies: http://INSURECOMPAREQUOTES.US/index.html?src=wikia501r3xDC4zXfb2



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Me and my fiance been together for 4 years. We have a daughter together. Right now, we're both working to make ends meet. So basically, we need each other. We have rent, car payment, and tons of bills. We was talking the other day about it, that what if one of us passed away, the other one would lose everything. Our daughter is 1, so we wanted to make sure that if anything happened to one of us, our daughter would still be well taken care of and everything will be paid off so they wouldnt have to struggle. So my question here is how does life insurance work. If I was to die, does the money go directly to my family? What if I wanted part of the money to go to my parents? I just want to know some info about it and is it affordable? Thanks in advance."


Could I swap my 50cc scooter's insurance to another bike?

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Is it legal to have two health insurances?

I am currently under my parents' insurance, however nobody accepts it where I am staying for the summer. At the end of august, I am going to be going back to college and they have a student heallth insurance that is accepted anywhere in the world. I want to get this insurance and stay on my parents' insurance because my parents' insurance has more benefits and I have a condition with my teeth that is very expensive to treat and my parents' insurance covers it completely. I doubt my schools insurance would do that. I just want to be able to be treated while I am in school where the area doesn't accept my current insurance. Is it legal for me to have my student insurance as well as my parents' insurance?"


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I have a court summons to appear in court for driving with no insurance. Now I do have insurance, just had last years paperwork with my accidentally. I noticed that the insurance company never changed my name on my insurance (I am married and my license has my married name on it) so my license and insurance don't match. I have called my insurance company and they are changing my name on my insurance paperwork but I haven't received it yet. Do you think if I brought my insurance papers (which include my car's vin #) and my marriage certificate to show the name change that would be enough? I do have insurance. (I live in Ontario Canada)"


Best way to file claim for Allstate home owner's insurance?

My husband and I have minor storm damage to the roof over our master bedroom. And now water has managed to get into the wall and is making the sheet rock bubble up, as well as causing cracks in the ceiling in that one particular spot. Allstate sent an insurance agent out and they said that after our $1,000 deductible they are only willing to pay about $400 over the cost to fix it. So...should I get a contractor to assess and give me a quote, and then re-file a claim with the insurance adjuster? If so, how should I go about doing that?"


Can I get fire/theft only car insurance in UK?

I currently pay around 1200 per year insurance on my new car. Recent job change though mean I only use it maybe 3 or 4 times a month, and with one day comprehensive insurance available from dayinsure.com just 11, thought it might save me some money just to insure the car the days I use it... IF theft insurance is cheap enough. When not in use the car is in my garage so not going to cause any third party damage to anyone.."


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How to cancel car insurance after paying ?

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What is the difference between renters insurance vs. homeowners insurance?

I've consulted my insurance company about insuring my personal property and said I need a renters insurance, but I own my home. I am confused. Isn't it what I need is a homeowners insurance? or renters insurance applies with owning a home too?"


"My boyfriend that has no insurance borrowed my car and got rear ended, will my insurance cover?"

I let my boyfriend take my car to go drop off his friend and he ended getting backed into by a truck and severely damaged my back bumper. Because it was on private property, the police couldn't do anything but observe us exchanging information. My boyfriend doesn't have insurance, but my car is insured. Will my insurance company be able to cover my damages, even though I was not present? This accident was the trucker's fault because he backed into my car, but this guy didn't even have an ID but the car was his family & supposedly it's insured. Please no smart remarks, I am asking because I'd appreciate some advice."


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How can I get access to affordable US Health care as an American who lives in France?

It has been almost 2 years and I really feel like there is something not right with my health but the doctors in France aren't listening. I have swollen lymph nodes for over a year now. Some disappear, then reappear in different locations. And I am very fatigued and have itching behind my knees at night that wakes me up. Yet there is not a rash nor insect bite. It seems like the doctors in France rely strictly on complete blood counts for everything and if your blood tests are normal, then there is nothing wrong with you. I wonder if it would be the same in the US system, considering France was the winner of the WHO's Best Medical System in the World award. Shoudl I purchase an insurance plan on the web and seek treatment in the US?"


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I'm just looking for a range of prices per month. If you can, comment with any good insurance places that I could look into because I am getting my license in August and am curious of what I'm going to have to pay. Also, what depends on the cost? Type of car, or etc.."

Isn't the expected value of health insurance for a healthy purpose going to be highly negative?

And so, it might be unwise for a healthy person to purchase health insurance on the individual open market?    First, we have the insurance companies as a profit-taking industry. They exist to make money. So obviously they take in more premiums than they pay out for medical expenses. Right off the bat, we have a negative expected value for the buyers of health insurance. In other words, you should expect that the premiums you pay to the health insurance company will be more than the benefits you get back, on average.    But on top of that, for a HEALTHY person, the difference would be even greater. Since your risk is grouped together with the risk of more unhealthy people (obese, smokers, etc), you're basically subsidizing their insurance. So the difference between your premiums and the expected benefits you get back is even more.    It seems like a very fit, health-conscious person is really taking it on the chin by buying health insurance in the individual market. Maybe they'd often be better off by just building up a health savings account and self-insuring?

BEST ANSWER:  I recommend that you visit this web page where one can get rates from the best companies: INSURECOMPAREQUOTES.US


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ok so im 19 and just got my drivers license a few months ago (i never really needed it before now). its tax time and im buying a van to fit all the kids i lug around. well since i've never had to get auto insurance im not sure on what place would be best to go to. i know my age and how long i havent had my DL will effect how much i pay, but im trying to go the cheapest route possible. does anyone have advice on where to go? also what is a 'premium'? i did a free quote online and it told me what my downpayment would be, my monthly payment. and my premium? plz help"


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Can I keep my cheap auto insurance without my broker?

When I first switched to my current auto insurance I didn't even realize I was dealing with a broker, and was surprised when they charged me a fee in addition to what I am paying the insurance co. Well I paid it (this was 3 years ago) and now I'm supposed to pay them their fee every year! I'm just wondering if there is a way I can cancel the Broker and still have the insurance?"


Anthem Blue Cross Insurance?

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Insurance auctions/Salvage yards websites???

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How much is car insurance in ontario?

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NY DMV - Are you supposed to buy car insurance first or register the car?

The DMV's web site says that I need proof of insurance to register my new (used) car. At the same time Progressive wont sell me insurance because the car does not seem to be owned by me. Any help guys?


Will i still be insured to drive a car that i took off my insurance policy yesterday?

I have bought a new car and changed my insurance over to that car, just yesterday. However i still have my other car for a day or so and was wondering is there any leeway when insurance is swapped over from car to car to still use my original car?"


I wonder if anyone knows of any good but affordable health insurance.?

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I am interested in becoming an auto insurance agent. I want to do this part time, but I don't know how to get started? I can go to school to get the degree to sell insurance, but how do you get the connections to sell the various types of insurance ?"


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I want my sisters friend to rent a car for me, because i am only 19. But i want to make sure if i buy rental car insurance that i will be covered because she wont be with me. Anything helps"


Car insurance question?

So my policy was just cancelled and I need to purchase auto insurance ASAP but I don't get paid till next friday. Is it possible to purchase car insurance and pay later or do I have to pay same day???


18 want car insurance?

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Where to get cheap insurance for 50cc geared moped?

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What health insurance am I eligible for?

I am currently 17 years old. I will be turning 18 in early November and my family does not have health insurance. I was wondering if I qualify for anything that will be able to get me low-cost braces or anything orthopedic. My family makes not that much money anf I am currwntly going to be a full-time college student. What insurance or health care would I qualify for? I have been needing braces for a while now and I am really self conscious about my teeth I hate to smile. Thank you on your help.


How much would this car insurance cost?

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Where do you get the material to study for state insurance test?

Where do you get the material to study for state insurance test?


Can you transfer car insurance to someone else?

My mom bought me a car. She lives in Pennsylvania, I live in Michigan. She's going to buy insurance for the car in PA, in her name, so she can drive it here. Can I use her insurance or can it be transfered? I would rather it not be transfered just use her insurance."


Can I tax my car with learner driver insurance?

My cars tax is due soon and I understand that in order to renew the tax on it you must have valid driving insurance. As I am currently learning how to drive in my car I was wondering if I could still tax my car even though I have temporary learner driver insurance? Thanks

Isn't the expected value of health insurance for a healthy purpose going to be highly negative?

And so, it might be unwise for a healthy person to purchase health insurance on the individual open market?    First, we have the insurance companies as a profit-taking industry. They exist to make money. So obviously they take in more premiums than they pay out for medical expenses. Right off the bat, we have a negative expected value for the buyers of health insurance. In other words, you should expect that the premiums you pay to the health insurance company will be more than the benefits you get back, on average.    But on top of that, for a HEALTHY person, the difference would be even greater. Since your risk is grouped together with the risk of more unhealthy people (obese, smokers, etc), you're basically subsidizing their insurance. So the difference between your premiums and the expected benefits you get back is even more.    It seems like a very fit, health-conscious person is really taking it on the chin by buying health insurance in the individual market. Maybe they'd often be better off by just building up a health savings account and self-insuring?

BEST ANSWER:  I recommend that you visit this web page where one can get rates from the best companies: INSURECOMPAREQUOTES.US

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