Van den Brulle: I think there's going to be a question, in five years, around one of the big noninsurance
companies having entered the insurance space and what role they'll play.
Berkshire has massive liquid resources, substantial noninsurance
earnings, a favorable tax position and a knowledgeable shareholder constituency willing to accept volatility in earnings.
That individual cannot buy a private catastrophic-only plan plus a health savings account (HSA) or join a Direct Patient Care (DPC) practice, a new, noninsurance
model in which patients pay a monthly membership fee.
If you have a high no-show rate for cosmetic and other noninsurance
procedures, consider collecting a nonrefundable deposit in advance.
Although I cannot observe the value of insured vehicles or numbers of miles driven each year--two significant determinants of insurance premiums--I can proxy for these using quarterly household gasoline expenditures, new vehicle expenditures, and noninsurance
transportation expenditures, which I control for flexibly so as to allow for the possibility of nonlinearities in the relationship between vehicle use and insurance costs.
Bill Jones is the former president of MedAmerica Insurance Company who now leads the National Alliance of Insurance Agencies Inc., an organization that connects manufacturers of short-term care insurance (STCI), annuity-LTC hybrids, life-LTC hybrids, noninsurance
products, and other alternatives to traditional LTCI with independent insurance agents and agencies.
Moreover, other noninsurance
benefits fit in well with HRAs.
Because ASC Subtopic 954-605 has less guidance than ASC Subtopic 944-605, noninsurance
entity healthcare providers often look to the guidance applicable to insurance entities by analogy.
Not to mention noninsurance
contexts like antidiscrimination laws.
Thus, in September 2013, the FSB announced that it was "reviewing how to extend the SIFI Framework to global systemically important nonbank noninsurance
(NBNI) financial institutions." This category of firms, said the FSB, "includes securities broker dealers, finance companies, asset managers, and investment funds, including hedge funds."
This number also compares unfavorably to the overall economy (34.07 percent) and the noninsurance
finance community (30.66 percent).