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| *Women health>>>Health Insurance |
Does it make sense for a wealthy person to pay for health insurance or just invest their money & pay for? |
health needs of the interest of their money? Please, no junktastic answers. Only if you have true knowledge in finances. Thanks so much. :D Insurance is a financial tool. Wealthy people USE financial tools. It's STUPID to risk $500,000 in a potential major medical claim, when you can pay $300 a month to avert it. The thing you have to factor in is RISK. The down side to the risk of NOT having health insurance is a major down side. You can't invest the "premiums" you'd pay, and expect to be able to come out ahead of the game - especially as you age. Source(s): agent, 21+ years Yes, any accident can happen and could end up costing you way more than if you had health insurance in the first place. college financial courses, business major. They should have it. In addition to pooling the health risks, health insurers are able to negotiate better rates from health care providers. So by paying for insurance you are at least theoretically benefiting from the negotiating leverage that the insurance company has. Sometimes hospitals charge people with no insurance more fees and more for general services than those with insurance. Health insurance is always a good idea, plus you don't have to shell out hundreds of dollars every time you go to a doctor's appointment. |
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