Why Dont Insurance Companies Reward Us for Being Healthy?

Why Dont Insurance Companies Reward Us for Being Healthy?

Insurance is always a gamble, a bet actually.

You are betting that you'll eventually get sick or hurt. And your insurance company is betting that you'll stay healthy.

If you stay healthy your whole life, but still pay into insurance, that's great for the insurance company. Actually, it's great for you too, because you got to be healthy for your whole life. But you still lost the bet.

So an insurance company is never going to reward you for being healthy. That's not the terms of the bet.

But here's a secret.

You can reward yourself.

Here's how. Open a Health Savings Account (HSA). Put as much money as you can into it. Tell your insurance company that you want to raise the deductible on your insurance policy as high as it will go. The deductible is the amount you have to pay before the insurance finally kicks in.

Now

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