Published
If you have health insurance or are in the market for an insurance plan, you may be feeling terminology overload. What is a deductible? What is coinsurance? How does a Co-pay work? What is an insurance Premium? Individual out of pocket maximum? In this video, we’re going to break down these essential health insurance terms, explain how the costs work for both you and your insurance company, and hopefully help you feel more confident about how your plan works.



digital marketing,forex,forex exhange,personal,finance,mutual funds,digital,Forex,Forex Exchange,Personal,Personal Finance,Personal finance,Finance,Mutual,Mutual funds,Funds,lawyer,accident attorney,Insurance,Loans,Mortgage,Attorney,Credit,Lawyer,nsurance,insurance companies,attorney,attorney at law,mortgage,mortage,insurance quotes,insurance companies near me,hosting services,seo etsy,seo acronym,referral marketing,seo description,uber accident lawyer





Table of Contents:
=============================
0:00 - Intro
0:30 - Overview
1:01 - Your Expenses
1:28 - Insuranace Premium
1:43 - What is a Deductible?
3:13 - What is Copay?
3:50 - FREE Services
4:03 - What is Coinsurance?
4:40 - Individual Out of Pocket Maximum (OOP)
5:00 - Family OOP Max
5:08 - Review

#digitalmarketing
#forex
#forexexhange
#personal
#finance
#mutualfunds
#digital
#Forex
#ForexExchange
#Personal
#PersonalFinance
#Personalfinance
#Finance
#Mutual
#Mutual funds
#Funds
#lawyer
#accidentattorney
#Insurance
#Loans
#Mortgage
#Attorney
#Credit
#lawyer
#insurance
#insurancecompanies
#attorney
#attorneyatlaw
#mortgage
#mortage
#insurancequotes
#hostingservices
#seoetsy
#seoacronym
#referralmarketing
#seodescription
#uberaccidentlawyer



There are 3 levels of health care costs. The higher your costs for the year, the higher up you go. Level 1, You’re paying everything. When your healthcare expenses get to a certain point, you enter Level 2, where you and your insurance company share the costs. If the money you’re paying out of your pocket hits your plan’s cap, you enter Level 3, where your insurance will cover everything further. We’ll circle back to this at the end and it’ll all make more sense.

Now, whether your health insurance is provided through your employer plan, by someone else’s employer plan, self-pay, or a government-issued plan like Medicare or Medicaid, they all have set amounts for premiums, deductibles, co-pay, and co-insurance. These are all terms that represent your out of pocket costs.

Category
Job
Be the first to comment