how is it that you pay extra for dental ins. and they tell you that you can't use it for a year. let's see if they could live with a toothache for a year. can i get my money back that was paid into it?
2006-06-17 22:06:08 · 13 answers · asked by connie c 2 in Business & Finance ➔ Insurance
Agreed, we pay for homeowners insurance, I have a leaky roof and the first thing out of their mouth, this was a preexisting condition, sorry but we can't do it. WHAT! Then why am I giving you my money then? Well because all of the fat cats on capital hill say we have to have it in order to buy a house, that great so once again someone else is getting rich off of me.
2006-06-18 02:02:07 · answer #1 · answered by ndvsne1 4 · 3⤊ 0⤋
Insurance companies are just that "companies." They are just another business trying to profit. They have employees that they pay; building costs; utilities; and other expenses. However, they are supposed to honor the policy for which you took out. In regards to whether you can get your money back that was paid into it, probably not. Most health insurance plans are paid for either weekly or monthly. The insurance companies usually receive several premium payments prior to the individual receiving actual services. Check your policy for guidelines on how to handle a grievance. There usually is some action that you should be able to take to file a grievance.
2006-06-17 22:17:46 · answer #2 · answered by winchamp 3 · 0⤊ 0⤋
All insurance is the foundation of any financial plan! Risk has to be minimized both personally and in business in today's world wher a catostrophic illness, death or lawsuit can ruin you financially. Your question about dental insurance is somewhat different. Dental insurance is insurance that is so often claimed that some companies have found it necessary to establish waiting periods. Otherwise people who have poor dental health would wait until they have a policy and then immediately go in for thousands of dollars of dental work. Before long, dental companies would no longer be profitable and your policy would be unavailable. All insurance takes into consideration pre-existing conditions and has exclusions of coverage for it depending on the downside risk for the company.
2006-06-17 22:24:03 · answer #3 · answered by African Lovers 3 · 0⤊ 0⤋
why are they rip-offs, well lets see, they want to make a PROFIT, they want to make sure there all MAKING MONEY. do you really think they care about you, give me a break. lets say they OK you for a $60,000.00 operation, all you need to do is come up with your share, $20,000.00, hey there giving you $40,000.00, right, dont be stupid, they know the odds are 1 in a million you happen to have $20,000.00 laying around, so they never have to pay, but can say = WE APPROVED THE CLAIM. being able to be healthy isnt something we should have to pay for. there was no fight when the law was passed to make it mandatory to have car insurance, why ? because it gave the insurance companies a license to steal, and they did. im to tired to go on with the 10,000 more reasons insurance companies rip people off but ill quit.
2014-07-08 12:16:49 · answer #4 · answered by lucky 2 · 0⤊ 0⤋
It's your choice to have the insurance or not.
In fact also insurances get ripped off - by customers trying to mis-use the insurance to pay for damages that existed already before having the insurance.
That's the reason why dental insurances are cautious about new customers.
2006-06-17 22:13:06 · answer #5 · answered by swissnick 7 · 0⤊ 0⤋
basically, its peace of mind. use to be a home was just a 4 sided cabin, it was destroyed and you built another, today a home is an investment costing upwards into the millions. So, hence, comes the insurance company to sell you peace of mind just in case some tragedy happens. But, its just a business that only you can decide its worth getting. if you have millions not a problem if you lose it, however, we all are not that lucky, so I suggest buy in to sleep better.
2014-11-13 14:47:44 · answer #6 · answered by emilio 1 · 0⤊ 0⤋
this basically protects the company for having to pay for a claim right away, then having you cancel the policy and the company not getting anything back. This is in the most simplest sense of course.
2006-06-18 07:55:44 · answer #7 · answered by tigertiggerii 3 · 0⤊ 0⤋
I believe that Insurance company's are RIP OFFS because we the supporting people let them do what they want with our money and we do not file enough complaints with our insurance commissioners and local governments.
2006-06-17 22:46:25 · answer #8 · answered by jc123rain 1 · 0⤊ 0⤋
some have specific time scales but you must read the small print before you sign anything other wise you tar them all with the same brush.
2006-06-17 22:16:33 · answer #9 · answered by liam13399 1 · 0⤊ 0⤋
Every business is a rip off! and the reason why...GREED!
lol they will give your money back when pigs can fly!
2006-06-17 22:10:26 · answer #10 · answered by Jo 6 · 1⤊ 0⤋