Question

Which of the following statements about health insurance is FALSE?

1.people use insurance to reduce their risk of having very large medical expenses?
2.paying for health insurance is always cheaper than paying for your own medical expenses.
3.none of the above
4.insurance plans with different premiums and deductible let you decide how much financial loss you are willing to risk​

Answer 1

Answer:
2. Paying for health insurance is always cheaper than paying for your own medical expenses

Step-by-Step-Explanation:
You never know what kind of medical expenses you could run into, therefore you don’t know if the amount you pay for health insurance will be less than paying for the medical expenses you run into.
If you’re lucky you may not have any medical expenses in years, although the average cost for one individual is around 450(prices vary).

Answer 2

2. paying for health insurance is always cheaper than paying for your own medical expenses.