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4.1.4 Quiz: Costs and Benefits of Insurance

Question 9 of 10

What should a consumer consider when deciding whether to purchase health insurance?

A. Whether they can afford the cost of a serious accident or illness
B. Whether they can use the money to travel instead
C. Whether the deductible is higher compared to other policies
D. Whether the policy will outlast the risks of making a claim

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Answer :

GinnyAnswer

Final answer:

Consumers deciding on health insurance should weigh costs of serious health events, policy duration, and deductible comparisons.


Explanation:

A consumer should consider the following factors when deciding whether to purchase health insurance:

  1. Cost of a serious accident or illness: Consumers need to evaluate if they can afford the expenses of a major health issue without insurance.
  2. Duration of the policy: They should assess if the policy coverage aligns with the risks they may face.
  3. Deductible comparison: Checking how the deductible of the policy compares to others can help in decision-making.

Learn more about Health insurance decision-making here:

https://brainly.com/question/11647197


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