Ask Question
10 December, 07:02

Most people prefer to pay health insurance premiums rather than pay out-of-pocket for medical expenses because

people are cautious and believe they are less likely to get sick if they have health-insurance coverage.

doctors and hospitals always provide better care to people who have health insurance.

people still feel more secure with a health insurance policy, even though out-of-pocket costs are often lower.

medical costs can be extremely high, and insurance is more affordable than paying out-of-pocket for a hospital stay.

+5
Answers (2)
  1. 10 December, 07:09
    0
    Medical costs can be extremely high, and insurance is more affordable than paying out-of-pocket for a hospital stay.
  2. 10 December, 09:05
    0
    Most people prefer to pay health insurance premiums rather than pay out-of-pocket for medical expenses because medical costs can be extremely high, and insurance is more affordable than paying out-of-pocket for a hospital stay. Premiums are much more affordable over paying out-of-pocket expenses in most situations. Not only are they more affordable monthly, they keep you insured for something to hapepn that is not planned. Most people do not plan a hospital stay (unless it's a child being delivered) so there is no way to really acurately save for this type of expense.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Most people prefer to pay health insurance premiums rather than pay out-of-pocket for medical expenses because people are cautious and ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers