ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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You pay even if you don’t use it
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Still have to pay a deductible
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You get taxed for having it
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You have to find a doctor in your network
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Detailed explanation-1: -Individuals or companies running private health services only look after their own economic interests, they lack human sensitivity or sociability, they run private health services only for-profit purposes. Private health services are very expensive, due to which they are out of reach of the poor person.
Detailed explanation-2: -What are the Disadvantages of Healthcare? The disadvantages of the health care plan are premiums increase with age, Pre-Existing Exclusion, Waiting Period for existing health problems, Co-Payment, etc. Health care coverage for families may cause an added financial burden.
Detailed explanation-3: -There are a few disadvantages involved with buying life insurance, including the fact that you may have to pay high premiums if you have a pre-existing medical condition. In case of a term insurance plan, the policyholder will not receive any maturity benefit if he/she survives the term.