Larry McClanahan, Financial Advisor
@LarryMcClanahan
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No, your health insurance premiums are a "payment for transferring risk" rather than viewed as an investment or savings. You transfer to the insurance company the risk that you might incur health expenses that you can't afford. The money you pay in premiums is pooled with the premiums of others covered under the same policy. If you don't have any health claims, your premiums then pay for other folks who do, and vice-versa.
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