#insurance
lottery tickets have negative expected value, but so does insurance, right?
The different is the risk associated. Insurance reduces your risk (smooths out the variance in your cash flow), so it has a value.
Same reason futures markets exist.
I don’t understand this. When you say it has a value, do you mean in the sense of raising the expected value of your future wealth? Or just that it’s good for something?
If money has decreasing marginal utility, the same sum of money is worth more to you when you have less money (because, say, you have a sudden unexpected expense).
Insurance increases your expected wealth conditional on certain events that (otherwise) cause a significant drop in wealth. Hence, it has a positive payout in expected utility, even though it has a negative payout in expected money, because it pays out specifically at the times when money has greater than average utility.
lol I am in such a stressed-out blind rage today from insurance bullshit that I wrote up a glossary of health insurance terms (things like deductibles, premiums, and copays) because all the free guides online are unnecessarily complicated and the only way you can squeeze a dime out of these bullshit companies is to understand their overly-complicated policies. give em hell
This is a GREAT guide folks - it’s simple, straightforward, and deals well with the overly complicated alphabet soup of medical insurance. Knowing this stuff can prove REALLY helpful, and the examples used are a great resource.
Upcoming Post: How to Buy a Wheelchair Without Insurance
I’m planning on writing a guide to help people navigate buying a wheelchair without insurance (primarily aimed at US readers).
What I need from you: tell me about the struggles and barriers you encountered (other than finances) when trying to purchase a chair for yourself when insurance wouldn’t cover it.
Feel free to share and reblog as needed, but please don’t respond unless you’ve gone through (or tried to go through) the process of buying a chair without support from insurance. Tumblr conversations are hard enough to follow as it is.
If you wanna submit an anonymous ask replying to this (or use the Ask form on my main site), feel free. Just let me know that this is the post you are referencing.
The guide is currently live on my Patreon. As always, I’m looking for feedback on what’s missing or what could be improved. Once folks have had a chance to look at it and provide feedback, I’ll put it up on my main site.
Upcoming Post: How to Buy a Wheelchair Without Insurance
I’m planning on writing a guide to help people navigate buying a wheelchair without insurance (primarily aimed at US readers).
What I need from you: tell me about the struggles and barriers you encountered (other than finances) when trying to purchase a chair for yourself when insurance wouldn’t cover it.
Feel free to share and reblog as needed, but please don’t respond unless you’ve gone through (or tried to go through) the process of buying a chair without support from insurance. Tumblr conversations are hard enough to follow as it is.
If you wanna submit an anonymous ask replying to this (or use the Ask form on my main site), feel free. Just let me know that this is the post you are referencing.
Will someone explain to me why vision and dental care are not considered part of medical care in the USA?
It can’t be because they’re not medically necessary, at least not with any consistency. There’s a lot of stuff that does fall under medical, and is sometimes covered by medical insurance, but is either not medically necessary or is less so than maintaining vision and dental health.
This just doesn’t make any sense. I could go to a dermatologist about mild skin imperfections that are not a disease and not a problem other than being slightly ugly, and get those treated under medical insurance. But medical won’t cover extracting a broken wisdom tooth before it gets infected, or even preserving ability to chew food. It won’t cover correcting vision. So medical care doesn’t cover tooth problems that can cause pain, infection, and even (if extreme enough) life-threatening disease, and doesn’t cover simple, cheap diagnostics and devices to correct the most common mild to moderate visual disabilities. Teeth and eyes are body parts!
I don’t get it.
When I was doing volunteer archival work, I came across an oral history transcript where the speaker talked about trying to go around convincing dentists to sign up for this newfangled “dental insurance” thing. I believe this was happening in the 1960s. It seems that dentists joined the Health Insurance bandwagon many decades after doctors and hospitals got it going.
When I asked my dad about this, he said that for a long while, most people did not consider dentists to be Real Doctors, even after their techniques gained a measure of sophistication and safety. So it may be that long-standing prejudice delayed dentists from being included in Health Insurance for long enough that by the time it was possible, it was too late because dentists had all joined their own thing.
Not sure about the vision care. Possibly the same process in later decades. The point is, health insurance in the U.S. has as much to do with Path Dependence and getting stuck in 20th-century nationwide mistakes as it has to do with rational incentives.
Ooh… yeah, that could do it. Bureaucracy and path dependence. Lord knows the health insurance situation is weird and complicated. Thanks for the info!
It’s kind of depressing because this seems like it would be fairly simple to fix and I guess it isn’t. There are a lot of people without health insurance, but more have to go without vision/dental coverage than go without basic medical coverage. So one way to at least reduce the problem would be to fold vision correction and not-primarily-cosmetic dentistry into medical. It wouldn’t raise costs much and would save a lot of people’s teeth and vision. Perhaps the dental insurance and vision insurance companies would howl and scream too much and it would keep us all from sleeping. :(
¿Tu familia podría sobrevivir financieramente sin tu ingreso? Protégela como siempre lo has hecho con un #SeguroDeVida
Go check our website from mexican insurances
https://instagram.com/_serviciosintegrales_?utm_medium=copy_link
Health insurance must be owned if you have a serious medical emergency. You never know when a disaster will attack in the form of disease, accident or injury. If you are not ready with a good health insurance plan, you can lose everything. If you have a good health plan in its place, you can calm down so that your expenses will be taken care of. You have several choices in terms of buying health insurance. You can use an individual package, or if your employer offers group insurance, you can save money by choosing the package.
When it’s time for you to update your policy, check your current plan to verify that you still need all the services you pay, and that you have enough scope. What works for you in the past may be inadequate now, especially if your health has changed or you need to add someone to your scope. You can also make changes to the vision, teeth and other insurance options.
Vision of Makess Insurance feels for you and your family, especially if there are people who have problems with vision, or eye problems that are run in your family. Insurance vision includes some of your eye tests and will also pay at least a portion of your contact lenses or purchase glasses. You are not required to bring vision insurance, so if no one in your family suffers from eye disorders, you can save money by releasing it.
Every year, check to see which recipes are covered. Every year, when you re -register in your insurance package, your insurance company has the right to change the planning of the plan. Read all documents when you re -register and ask your insurance agent to clarify whatever you are confused. In particular, pay attention to the prescription drug covered by your plan and pay attention to changes that may occur from year to year. If the medicine you rely on every day is no longer covered, you might need to find a new insurance operator.
Beware of your tax credit for health insurance bills. Your health insurance premium can be deducted from taxes. Every money you spend to cover up your reduction, your recipe, or any visit that is not covered by your insurance can also be deducted from your taxable income. Because state and federal tax regulations vary for this reduction, you want to examine your country’s guidelines first.
When you apply for insurance, the company will call you. Make sure you don’t donate any information they don’t ask specifically. Answer only their direct questions. When you voluntarily too much information, the results can be an increase in your premium, or the worst, complete rejection of coverage.
By comparing group and individual plans, you can say that while one might be cheaper, the other can offer more choices. In both cases, the important thing to remember is that you must have at least several forms of health insurance. Being without health insurance in this day and age leaves the door to open for problems. Life can come to you quickly, and a sudden disease or accident can find you draining your life savings in a short time. Don’t let that happen to you. Look at the proper health insurance option immediately.
