Wednesday, January 5, 2011

Can you get money back from your health insurance provider if you never used it and canceled it?

So I was on my company's health insurance plan and I never used it once. I've only had it for a few month and I canceled it, Is there a way to get any of the money back that was taken out? Just wondering, I have no idea how it works.
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No, there is not. It is like a losing lottery ticket. You pay for the chance to use it if, by luck, things work out so that you can use it. If not, then the money is used to pay for the treatment of others who do use it.
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