Do you think accountability should be a factor in the cost of your medical insur

Jump to Last Post 1-3 of 3 discussions (5 posts)
  1. Abby Campbell profile image93
    Abby Campbellposted 5 years ago

    Do you think accountability should be a factor in the cost of your medical insurance premiums?

    With any type of insurance whether it be for our vehicles or home, the price is based on the value. If you have a Mazerati or Rolls Royce, you will pay more than the person who owns a Ford Fiesta. If you own a single family home with 6 bedrooms, 5 baths, and a 3 car garage, you will pay more than someone with a 1 bedroom efficient condo. If you live a healthy lifestyle, you most likely will not need to see the doctor or have surgery as someone who doesn't have healthy eating or exercise habits. Do you think that accountability should be factored into your medical insurance premiums.

    https://usercontent1.hubstatic.com/8118668_f260.jpg

  2. btrbell profile image91
    btrbellposted 5 years ago

    That's an interesting question. I wonder how they would do it?  They already take smoking into account and most insurances have, at least, a a discount for  health clubs. Some health insurances require a physical exam first.
    I wonder how they would measure it. Would it be on the honor system?
    I think this is an interesting and valid point. I'm just not site how it would be done.
    On a side note: when I broke my foot last year, I had 2 friends, one broke her foot in boy call and the other broke his ankle running in a marathon! My point in bringing this up is that the 3 of us practice healthy lifestyle but still had big medical expenses last year

    1. Abby Campbell profile image93
      Abby Campbellposted 5 years agoin reply to this

      Accidents happen, Randi, but I don't think that should really affect our insurance as much as lifestyle (unless it happens all the time... lol). I would think that lifestyle choices would be interpreted through annual labs and physicals.

  3. pagesvoice profile image84
    pagesvoiceposted 5 years ago

    As someone who spent the majority of his career within the insurance industry, I must admit I find this question somewhat troubling. My background in insurance was that of a claims specialist, claims manager, benefit administrator and then I moved into sales of life, group, accident and health insurance, I went out of the salaried positions and became a New York State insurance broker and a New York State Insurance consultant. I was also licensed in several other states. Before I answered your question I wanted to provide you with my brief biography, simply so you are aware I know the insurance business inside out...both on a corporate and sales level.

    Comparing automobiles, real estate and the like to health insurance premiums is the equivalent of apples to oranges. Actuaries, employed by insurance companies put to use their mathematical abilities in determining premium costs. There are a myriad of factors they use, but by and large, to spread the risk, an actuary uses the "law of large numbers." Of course, some medical plans are "experience rated," which simply means  that the higher their claims payouts are, then the premiums in the following year will be adjusted accordingly. Again, let me stress this is still based on the law of large numbers.   

    Insurance companies are not in business to care for their policyholders well being. No...they are in business to make a profit. No one has a crystal ball and whenever a new medical report comes out hailing the benefits of eating one type of food, without fail, a few years later that food group is found to be bad for you. I have known many people in their teens, thirties and fifties who didn't smoke or drink and yet dropped dead walking into school, jogging, or on a treadmill.

    "Accountability" is an open ended word, left to many varying interruptions. Accordingly, I do not believe premiums on health insurance should be different for different types of people, based on current opinions regarding what is healthy and what is not because as sure as the sun rises and sets, those opinions will change.

    1. Abby Campbell profile image93
      Abby Campbellposted 5 years agoin reply to this

      Thank you for your voice, pagesvoice. I guess 'accountability' was not a great choice of words. Maybe I should have asked, "Do you think we should discount premiums or award a bonus-back to those who limit their use of insurance. Make sense?

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)