Isn’t it obvious? It’s a ptointeal to defer losses. If you pay for insurance and get very sick/hurt the insurance company will cover a percentage of the bills.Depending on the plan*, but usually the ratio that company pays versus what the insured is payed is about 80/20.So is it better to pay $300 a month in insurance premiums to deflect a big injury by 80/20 if one occurs or is it better to not have insurance and pay 100% if one occurs? You decide your risk tolerance.
'the greater good' has 1 comment
July 21, 2012 @ 11:12 am Rahman
Isn’t it obvious? It’s a ptointeal to defer losses. If you pay for insurance and get very sick/hurt the insurance company will cover a percentage of the bills.Depending on the plan*, but usually the ratio that company pays versus what the insured is payed is about 80/20.So is it better to pay $300 a month in insurance premiums to deflect a big injury by 80/20 if one occurs or is it better to not have insurance and pay 100% if one occurs? You decide your risk tolerance.