Health Insurance Guide Part I

​ let's start - welcome we know a confusing it can be to buy health insurance these days and if you used to be in a plan where he worked shopping for your own individual plan can be even more of an eye-opener we hear it from people all the time it's tough to understand the ins and outs in to know what to look for thats why we put this together this is brought to you by Aetna and AARP it's not a sales pitch honest it's a straight upload how to buy individual health insurance point out some important things to look for if you expect when you consider a health plan for you or your family like cost cost as one of the first things people look at when they're checking out health insurance understandable but cost is more than just premiums and deductibles co-pays coinsurance maximum out of pocket sand more so you need to look at the big picture of cost now just as important is the coverage after all you're lying this to make sure you are covered when you need it so you need to know what's covered and whatnot from doctors and test to preventive care and medications and even
that start in the hospital so let's get started this will take about 15 minutes premiums and deductibles the monthly plan for him iam not so people usually think of when I think of cost but the plan premium is actually based on a lot of different factors from Thais coverage to deductibles to networks and yes even your health first let's find just what a deductible is the deductible is the amount of money you pay out of your own pocket for covered services before the health insurance plan pays of those services it's an annual amount so each year it resets and you start again on your deductible since you'll be paying this you need to ask yourself how much can I afford to pay out think of it this way on Tuesday life is good no problems on Wednesday we develop this weird pain in your leg you need to go to the doctor and get a bunch of tests then you need to write out a check for all that how big of a check are you comfortable riding $500 $5,000 when you're considering premiums remember that deductible plays a big part of high-deductible often result in a lower premium Inn on the flip side of lower deductible often means a higher premium since you need to pay the deductible out of own pocket before insurance begins to pay for covered services think about when going to be best for you your family and your budget considerations when you're considering cost also to look at coinsurance and copay is basically that's where you in the health insurance plan share the costs and it's important to know what that is first there's no insurance once you meet your deductible your plan goes to work for you but it doesn't pay 100% of your costs you still have to pay some of them that's the Copart of coinsurance you're both paying something each man is different a pretty typical plan with co insurance will have health insurance paying 80% of the expense while you pay 20% sometimes co insurance applies only to certain things like hospitalization staying in your network which talk about later on and also affect your car insurance it can reduce or even eliminated the important thing to know is what you'll be paying out of pocket to cover your portion of that coinsurance Owen note on the out-of-pocket take a look at the out of pocket maximum in your plan if it shows an annual maximum this is a good indicator of the total expenses you may have to pay in that. If you were your family know a lot of health care as long as we're talking about co stuff don't forget to pay copay is where you pay a fixed amount saved $25 for a doctor visit or $10 for a prescription in the plan pays the rest co-pays usually come in to pay after you meet your deductible if there is a deductible health plan should tell you what are copays for doctor visits are prescription drugs count toward the deductible and toward the maximum out of pocket if you're not sure ask the company this could be an important part of helping to control your costs and a good way to weigh 1 plan against another hospitals and networks you can always count on when and what kind of monkey real name you know that weird pain in your leg turns out you need surgery can be big bucks the last thing you want to worry about is paying a bill equal to the cost of a hot guy having health insurance is so important for plans that cover emergency room care outpatient surgery and hospital admission starting day 1 of your day since that first day in the hospital can be the most expensive you'll also one review the limits on what's covered particularly the big items like hospital stays out patient treatment test like MRIs and even your doctor visits and prescription drugs and took what's called an annual or lifetime maximums 200 thousand dollars looks like a lot but it's not nearly enough it should be at least in the millions in here​ Weather Network comes into play health insurance plans off and distinguish benefits and even caused by whether something is in network or out of network each plant has a list or network of contracted doctors hospitals pharmacies therapy centers you name it you would definitely want to find out if your doctor hospital in pharmacy is in network because when you stand that Network you lost and pay less than if you go out of network say for example you need physical therapy and you pick a center that is out of the network that car insurance you need to take wood double and that could be a bigger out then the pain in your leg stay well preventive care is getting more attention these days and it should if your proactive with your house if you take care of yourself chances are you'll have a healthier life health insurance companies recognize this and some even offer preventive care and really reduce rates or at almost no cost at all free sample an annual physical you do get when.you 14 gyn exam some plans may charge you just a copay like $25 and then wave your deductible for this type of service that could be the best 25 bucks you'll ever spend you can also see if the plan offers discounts on things that contribute to healthy lifestyle like weight management and even gym memberships you might be surprised what's included it's really pays to take care of yourself and your family don't like this kind of coverage and take advantage of it​