An Option to Buy Insurance

An option to buy insurance

An interesting concept. Most of the time you don't need insurance. Most of the time it is easier just to pay the doctor in cash and not worry about claim forms. Other than the tax advantage, why should you fill out forms and have a third party payer for routine medical care. We do not fill out forms, show a food insurance card, and have a third party write the check at the grocery store. Insurance should protect against low probability, catastrophic risks in the tail of the distribution. When you really need insurance with this concept, you can acquire it.