The way the individuals benefits from the health insurance and the reason for more attention towards health insurance recently.

Question

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Answer 1

Question

Chapter 12, Problem 1RQ

Summary Introduction

To discuss: The way the individuals benefits from the health insurance and the reason for more attention towards health insurance recently.

Expert Solution & Answer

Explanation of Solution

The main advantage is that health insurance limits the individual’s liability. It assures the health insurer by way of providing timely help by way of monetary and non-monetary medical care.

The current economy makes the individual difficult to pay off all his high medical expenses. Thus, people believe that health insurance is the important component of their financial planning. Health insurance has become most wanted component of one’s life mainly for the older and average aged groups as medical expenses are high.

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Answer 2

Question

Chapter 12, Problem 1RQ

Summary Introduction

To discuss: The way the individuals benefits from the health insurance and the reason for more attention towards health insurance recently.

Expert Solution & Answer

Explanation of Solution

The main advantage is that health insurance limits the individual’s liability. It assures the health insurer by way of providing timely help by way of monetary and non-monetary medical care.

The current economy makes the individual difficult to pay off all his high medical expenses. Thus, people believe that health insurance is the important component of their financial planning. Health insurance has become most wanted component of one’s life mainly for the older and average aged groups as medical expenses are high.

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Answer 3

Question

Chapter 12, Problem 1RQ

Summary Introduction

To discuss: The way the individuals benefits from the health insurance and the reason for more attention towards health insurance recently.

Expert Solution & Answer

Explanation of Solution

The main advantage is that health insurance limits the individual’s liability. It assures the health insurer by way of providing timely help by way of monetary and non-monetary medical care.

The current economy makes the individual difficult to pay off all his high medical expenses. Thus, people believe that health insurance is the important component of their financial planning. Health insurance has become most wanted component of one’s life mainly for the older and average aged groups as medical expenses are high.

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Answer 4

Question

Chapter 12, Problem 1RQ

Summary Introduction

To discuss: The way the individuals benefits from the health insurance and the reason for more attention towards health insurance recently.

Expert Solution & Answer

Explanation of Solution

The main advantage is that health insurance limits the individual’s liability. It assures the health insurer by way of providing timely help by way of monetary and non-monetary medical care.

The current economy makes the individual difficult to pay off all his high medical expenses. Thus, people believe that health insurance is the important component of their financial planning. Health insurance has become most wanted component of one’s life mainly for the older and average aged groups as medical expenses are high.

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Answer 5

Chapter 12, Problem 1RQ

Summary Introduction

To discuss: The way the individuals benefits from the health insurance and the reason for more attention towards health insurance recently.

Expert Solution & Answer

Explanation of Solution

The main advantage is that health insurance limits the individual’s liability. It assures the health insurer by way of providing timely help by way of monetary and non-monetary medical care.

The current economy makes the individual difficult to pay off all his high medical expenses. Thus, people believe that health insurance is the important component of their financial planning. Health insurance has become most wanted component of one’s life mainly for the older and average aged groups as medical expenses are high.

Answer 6

Chapter 12, Problem 1RQ

Summary Introduction

To discuss: The way the individuals benefits from the health insurance and the reason for more attention towards health insurance recently.

Expert Solution & Answer

Explanation of Solution

The main advantage is that health insurance limits the individual’s liability. It assures the health insurer by way of providing timely help by way of monetary and non-monetary medical care.

The current economy makes the individual difficult to pay off all his high medical expenses. Thus, people believe that health insurance is the important component of their financial planning. Health insurance has become most wanted component of one’s life mainly for the older and average aged groups as medical expenses are high.

Answer 7

Chapter 12, Problem 1RQ

Summary Introduction

To discuss: The way the individuals benefits from the health insurance and the reason for more attention towards health insurance recently.

Answer 8

Expert Solution & Answer

Explanation of Solution

The main advantage is that health insurance limits the individual’s liability. It assures the health insurer by way of providing timely help by way of monetary and non-monetary medical care.

The current economy makes the individual difficult to pay off all his high medical expenses. Thus, people believe that health insurance is the important component of their financial planning. Health insurance has become most wanted component of one’s life mainly for the older and average aged groups as medical expenses are high.