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6 votes

Can you just cancel a health insurance plan and buy a new one at any time?

In general, private health insurance can be canceled at any time. One should do so at the end of the month. Obviously, you should check with your current provider to determine cancelability. ...
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19 votes
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Can you just cancel a health insurance plan and buy a new one at any time?

In the United States you only have two ways to switch insurance: during an annual open season in the period around a qualifying life event. This is to force people to maintain their level of ...
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0 votes

Can you just cancel a health insurance plan and buy a new one at any time?

In the US, the IRS has rules that you need to have a "qualifying life event." This site has all the details, but in a nutshell, the answer is "no" you can't do it just because you ...
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4 votes
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What does a negative plan discount mean on a medical insurance claim in the United States?

A plan discount is a pre-negotiated rate a medical service provider has with an insurance company. Oftentimes they are in the form of price caps for specific services, or perhaps as a percentage ...
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1 vote

Dental insurance isn't really a type of insurance?

Insurance works best when the damage is very costly, the probability to incur the damage is very low and also hard to know. Otherwse, the overall costs of payouts and adverse selection effects force ...
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11 votes

Dental insurance isn't really a type of insurance?

One of the big problems with insurance of any sort is adverse selection which is when the people who buy an insurance policy are more likely to need it than the population average. When that happens, ...
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1 vote

Dental insurance isn't really a type of insurance?

Because some of the most expensive work is cosmetic And insurance usually doesn't cover cosmetics work even in health care. Dental insurance covers things like fillings, crowns, and root canals. To ...
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2 votes
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Private health insurance in Germany

(I don't know about the specialties of Beamte, "only" about the private/statutory health insurance choices as they apply to freelancers/self-employed. Is the private health insurance fully ...
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2 votes

Dental insurance isn't really a type of insurance?

All the other answers, focusing on whether premiums exceed payouts, are missing the point. "Health insurance" in the US isn't insurance either and for the same reason: company-provided ...
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6 votes

Dental insurance isn't really a type of insurance?

You need to do the math. Because I have always had dental coverage as an option from my employer the math has been simple. Selecting dental insurance has been worth the cost. About 10 years ago my ...
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3 votes

Dental insurance isn't really a type of insurance?

Why are companies passing on so much risk to individuals, when they don't do so for other types of insurance such as houses that can cost upwards of a million? Because they can make money this way ...
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  • 6,989
39 votes
Accepted

Dental insurance isn't really a type of insurance?

Why are companies passing on so much risk to individuals, when they don't do so for other types of insurance such as houses that can cost upwards of a million? Because houses don't routinely go on ...
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  • 127k
13 votes

Dental insurance isn't really a type of insurance?

Why are companies passing on so much risk to individuals, when they don't do so for other types of insurance such as houses that can cost upwards of a million? These policies exist because there is ...
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  • 62.9k

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