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 With a standard car insurance policy, is the car covered or driver ? if i loan my car out, is it covered ?
...


 Is it possible to get a refund if i tore off the tags?

Additional Details
It was an accident but hopefully they will understand that to....


 Which medical insurance, besides kaiser?
kaiser is just too expensive. are there any medical insurance providers that has almost the same benefits as kaiser, but less costly?...


 Health insurance problem: not a full-time college student. Help me?
I am currently a part-time college student (only 9 credit unit) and happily taking my courses. In the middle of my semester, my dad suddenly called me that he needed a transcript to show proof that I&...


 GEICO auto insurance????
does anyone have this company.....???? how are they.?...


 Do Copays with health insurance get reported back to the primary holder?
I bought some prescriptions that I didnt want the primary insurance holder to find out about so I told the pharmacy not to run my insurance card... but for some reason the idiot did. So I was ...


 Passenger in a car crash and the driver's Insurance company didnt pay my medical bills on time?
I was the passenger in a car with my girlfriend and we were in an accident that was her fault.

We both had to go to the emergency room.

When we received the Medicals Bills she ...


 Can your homeowners insurance choose not to renew your policy after filing one claim?
We live in Ohio and experienced a house fire last new year's eve. We had been out of town. We lost everything. We filed a claim with our homeowners insurance policy and came close to maxing ...


 I m LIC agent since 7 year and earning above2lac p.a..should i join pvt. life insurance as S.M.?
what should be my priorty/...


 What is the cost of Medical Insurance for an 18 year old?
I am a 17 year old senior in St. Louis, Mo. I plan to move out of my parents house promptly after the school year is over. My boyfriend and I have been doing a lot of research on apartments and ...


 How much should I pay for health insurance?
I recently started a new job and will soon be eligible for health benefits. Last night I was going through the paperwork to sign up. To my horror I found that for me to sign up (for medical, dental ...


 Is there any way you can find out someones national insurance number?

Additional Details
i was just wondering thought its meant to be ...


 What does deemed "medically necessary"......?
My sister wants to get the gasteric bypass surgery... she is about 370lbs and all other health plans have failed.... the surgeon is ready, she called the insurance company and they said the only way ...


 What is an insurance agent's job and would this piss you off?
I used to have this great insurance agent. About every 6 months or so I'd switch carriers because he would find ways to save me money. My old agent moved up in the company. My new agent has ...


 Does anyone know of a company that provides individual short term disability insurance?
...


 Which is more corrupt Oil company's or insurance company's?
I cant stand both but really think that its a toss up. I just read about how insurance companys are limiting coverages again but what a crock. It is law that you have it but they have the right to ...


 Will I loose my parents health insurance if I fail one of my college courses?
All too soon I'm going under the knife and I'm worried to death that me failing my online english will cause me to loose my parent's health insurance. Does anyone know if I will or not?...


 What personal properties is covered with homeowner insurance?
I want take picture of the items in my car and home for insurance policy. What is or isn't acceptable?...


 Will Obama really lower the cost of malpractice insurance for Doctors?
If so, could anyone ballpark a figure for me? Please no partisan or biased answers, if you have disgruntled emotions about either Obama or doctors this probably isn't the forum for you.
A...


 What Exactly is AAA?
I know a lot of people who have car insurance with Geico and other companies and yet they also have Triple A.....
Is it insurance, and why do other people get two insurance companies then?
I...



George B
Why does a health insurance co. pay only 80% and you pay 20%.?
                     
 




Faye H
Health insurance policies can be written to pay any number of different ways. I've seen them pay 70% and the insured pays 30%. It just depends on what the insured or the employer, in the case of group policies purchases.

It's no different than your Auto Insurance. You can chose different collision deductibles. Some people chose a $500 deductible. Some chose a $1,000 deductible, etc.


bvpeterson
When health insurance was invented after WWII, it was common for the insurance plan to pay 100% of the cost.

With the rising cost of health insurance, modern plans require the insured to pay part of the cost. This has two effects. First, it lowers the cost of the insurance plan to the employer, making this expensive benefit marginally more affordable. Second, it provides an incentive to the insured not to obtain health services that arent necessary (when there is no cost involved to the insured, there is no incentive not to see a doctor for every little thing).

My guess is that in time the co-pay obligation of the insured will only increase.


Julia
It varies from company to company.

Be happy you even can afford it. 20% is VERY little to have to pay. Alot of people have to pay ALOT more then that if not everything straight out of pocket.


uainsdude
Rating
The price gouging of Doctors and hospitals has forced insurance companies into a Co-insurance model to keep the premiums "affordable" Policies that pay 100% usually cost more than your house payment. It's a shame.
Refer to:
60 minutes
Peter Jennings (his last special)
Current trends report


mystiqalsoul
Rating
The first reason is to reduce their costs of a payout.

Second, since you are liable for 20%, it gives you an incentive to be careful in the spending since you would have to pay 20% out of your pocket in addition to the premiums you are paying. This is known as Co-insurance and it helps eliminate some of the moral hazards that come naturally with insurance.


zippythejessi
Rating
Because otherwise, you'd pay a LOT more in premiums!


mbrcatz
To encourage you to manage your own health a little bit - shop around, and not run to the doctor for every splinter and band aid you need.

It's the same principal as having a deductible on your homeowners insurance - so they don't have to process claims for paper clips that get stolen.


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