Saturday, August 31, 2013

What do insurance companies do with the premiums that they are paid? and Maryland Health Insurance Plan Federal Press Announcement

What do insurance companies do with the premiums that they are paid?



Really. What do insurance companies do with the premiums that they are paid?


insurance best answer:

Answer by Mushu
Some of the money goes into a risk pool, a sort of savings account that they use to pay claims.
Some of it goes into investments. They invest money to keep financially viable.
Some goes to operating costs. It costs money to run an insurance company - they have to pay wages of their staff, pay for the buildings they work in, equipment, training, advertising, and a multitude of other things...


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Maryland Health Insurance Plan Federal Press Announcement
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Image by MDGovpics
Lt. Governor Anthony Brown particpates in the Maryland Health Insurance Plan Federal Press Announcement. by James W. Brown at Baltimore



Orignal From: What do insurance companies do with the premiums that they are paid? and Maryland Health Insurance Plan Federal Press Announcement

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