Do insurance companies make a lot of money?
Do insurance companies make a lot of money?
Most insurance companies generate revenue in two ways: Charging premiums in exchange for insurance coverage, then reinvesting those premiums into other interest-generating assets. Like all private businesses, insurance companies try to market effectively and minimize administrative costs.
What is the upside to having a high deductible?
For most people, the most appealing aspect of an HDHP is the low monthly premium. Because the deductibles are high, its monthly premiums are lower than plans with low deductibles and low out-of-pocket maximums. An out-of-pocket maximum is the most you’ll have to pay during your coverage year. 4 days ago
How much total money will Jerry pay in the month of June?
How much total money will Jerry pay in the month of June? The total is $250.
