Q. If no one can be denied affordable coverage because of a preexisting disease what stops someone from carrying the cheapest coverage then switching to a premium insurance provider after developing a long term expensive disease?
A. no, it can't
If my house Got into Fire, can my insurance can they move me another location?
Q. My friends House got into fire last night a total loos, he has Premium insurance with allstate, and he has decided to be relocated.
Its Possible?
Its Possible?
A. His insurance will pay for temporary accommodations while his house is being repaired, however if he decides he wants to move elsewhere his insurance will not pay for a house elsewhere nor will they pay for him to move.
Doctors treat you better with more premium insurance?
Q. If a doctor knew that you had the premium insurance or had several million dollars� would he take advantage of that and create pretend illness or injury instead of managing your health? For example: get you the top services�be transferred to an improved hospital facility, access the most excellent equipment available, a healthier treatment plan, put you with more nurses and very well qualified doctors.
A. Two separate questions in that one. All doctors must behave ethically, they give an oath. So, ethically, they cannot treat patients differently based on their insurance or worth.
First question - "would doctor create a pretend illness" - I would say "no way". There are corrupt doctors up there, but I find doctors to be one of the more ethical group of professionals.
Second question - "would better insurance or more money get you better care" - yes, I think it could. There are public hospitals up there, then there are private, better quality ones up there as well. Also, you can buy a care of a better doctor or some very expensive treatment plan that's not covered by general insurance and could not be afforded by people paying out of pocket. This has little to do with doctors, just economics. If you lived in a more socialistic country (and I was talking about US before) like Canada, Israel, Sweden, you could get much better care without having to pay extra.
First question - "would doctor create a pretend illness" - I would say "no way". There are corrupt doctors up there, but I find doctors to be one of the more ethical group of professionals.
Second question - "would better insurance or more money get you better care" - yes, I think it could. There are public hospitals up there, then there are private, better quality ones up there as well. Also, you can buy a care of a better doctor or some very expensive treatment plan that's not covered by general insurance and could not be afforded by people paying out of pocket. This has little to do with doctors, just economics. If you lived in a more socialistic country (and I was talking about US before) like Canada, Israel, Sweden, you could get much better care without having to pay extra.
In order to determine premiums, life insurance companies must compute the probable date of death. They have de?
Q. In order to determine premiums, life insurance companies must compute the probable date of death. They have determined that Carl LaFong, age 30, is expected to live another 45.1 years. Does this mean that Carl will live until he is 75.1 years old? If not, what does it mean?
A. Life expectancy is the average for a given set of facts. What this means to you is that half of people Carl's age, in similar health, will die prior to age 75.1, and the other half will live beyond that age.
Nobody knows when Carl will die.
Life insurance companies do not compute the probable date of death to determine premiums. What they do is calculate how many will die this year, out of 100,000 people, with a given age, gender, health, avocation, and occupation. Other factors may modify their calculations, such as family history, place of birth, and even income and net worth, as actuaries have determined that people of means tend to live healthier and longer lives.
All forms of life insurance are based on the premiums required for One Year Term insurance, and that product is priced solely on the odds of members of a very large group dying that same year.
Nobody knows when Carl will die.
Life insurance companies do not compute the probable date of death to determine premiums. What they do is calculate how many will die this year, out of 100,000 people, with a given age, gender, health, avocation, and occupation. Other factors may modify their calculations, such as family history, place of birth, and even income and net worth, as actuaries have determined that people of means tend to live healthier and longer lives.
All forms of life insurance are based on the premiums required for One Year Term insurance, and that product is priced solely on the odds of members of a very large group dying that same year.
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