What are the costs of buying health insurance? Question 9 options: a) Insurance companies collect a relatively small amount of money (premiums) from a large group of policy holders. These premiums are used to create a pool of funds to compensate policy holders who experience loss. b) The annual premiums plus the opportunity costs, the lost opportunities to spend the money on other goods and services or the lost opportunity to invest the money and earn interest. c) There are no costs to buying health insurance. This type of insurance only comes with benefits to the policyholders. d) Insurance provides protection from financial loss, that is, you will have to pay less if you become sick or injured