Understanding Your Health Insurance Costs | Consumer Reports 

This was super helpful and depressing, lol. Thank you

Finally. Someone explains this demonic system in a way I can understand. Thank you!

Im learning more from youtube than I did in high school

I did the math. It's cheaper for me to have a cavity, two eye exams, a $400 pair of glasses, a $250 pair of contacts, and 2 dental checkups RETAIL on the HIGH END of avg costs, than to have a PPO plan through my employer. $2100 vs $3400 a year. And that's not including all this deductible and co-pay nonsense!! I'm taking the penalty this year, and cashing in on my family's genes. I'm sorry for those born with pre existing conditions. I really am. It's not fair, and the system is built to farm you.

This is literally a scam.

So let me get this straight.... I have to pay a fee every month, just to have to STILL pay until I hit a certain amount (my deductible), and THEN that’s when my insurance company will even start considering paying SOME (not all) of the expenses? So I’m paying to have the privilege of paying? How is this right? If I’m paying a monthly fee shouldn’t I be guaranteed covered healthcare on the spot as opposed to having to still pay?

this woman is making the out of pocket maximum sound like we are blessed. oh, thank you lord for this gift from you.

This is crazy if you’re young and don’t go to the hospital that much most of time you don’t even reach that deductible so you always have to pay for everything then next year comes and everything starts over 😮 you practically get robbed

Hot damn! insurance company's are making a ton of money off people!

I'm not American and I have always struggled to understand how health insurance and their plans work in the US as I was curious. This video is the by far the best one to explain it and now I can rest in peace.

This is so funny to watch. It made it look like it’s a happy event to pay insurance every month😂

Here in NZ, all I know that when I went to hospital after a biking injury, I got treated then I left, having paid only $1.00 (that's for the can of Coke I bought at the vending machine).

I'm preparing myself to be an adult. Thank you for this!

Health Insurance in US is the second most profitable industry just after Retirement & Pension Plans. That should tell you everything you need to know.

I despise how this video has cheerful music, narration, and animations when explaining a system that extorts its "members" every single day.

If only it were this easy. Out-Of-Pocket-Maximums are meaningless because the insurer decides what it is applicable to. In 2014 I learned that my possible costs were infinite because many charges were not applicable.

So... I make 28,000 a year 7,000 a year goes on tax, social security, federal and Medicare, i end up with 21,000. Then my health insurance cost 2,400 a year (100 every two weeks) I really end up with $18,600 a year. They expect you to survive on this money. 😑

I love how optimistic this is.... "Lets say your premium is $200".. Pfft, I wish.. Cheapest plan I can find is almost double that... And "Let's say your deductible is $500" HAH!!! HAHAHAHAHAHA!!!!!! More like five THOUSAND dollars... American healthcare is a really bad joke.

I thought you just pay a monthly fee and they pay everything. 🙄 Glad to be in Canada.

The rest of the modern world must think we're idiots. (:-(

I was enjoying this vid until she said that is starts again each year 😂

Corruption at its finest

From my family's experience, this is the best case scenario. Not mentioned is the constant mistakes in billings by both the MDs and the labs, and the hospitals, and the hours on the phone and the agony people go through to fix the mistakes. BTY we are a healthy family with two kids and only need (so far) annual preventive check up and such. God help the people who need constant help, and stuck in the health care's jaws !!!!

Thank god, im living in Denmark. You don't have do anything, minior injuries, broken legs, birth, cancer you name it, no need for a special insurance ! You just live your life and pay tax and the system takes care of you

I teach school and teach an "Insurance Operations" class and this is an amazing video. Excellent job!

If someone like me can finally understand something like this, you’ve done a great job. Thank you for the video!

Wow so if i reach stage 2 near the end of the year,I start all over again?thats not fair at all.

This video may have come out in 2014 but it still explains the system better than most in the present day. Much appreciated!

So what happens by having a high deductible and being somewhat healthy and never reaching your deductible. Do you just pay for the premiums and the health care? so why do we need the insurance for if we are having to pay them both?

$500 deductible? $2000 maximum out of pocket? HAHAHA! when was this video made? The early 2000s? The 90s perhaps?

This is the type of stuff I wished I learned in school. Thanks!

This is THE best video on youtube explaining the process of the insurance world. Thank you for making it so incredibly simple!!!

I never comment but this video helped me so much! I damn near picked a 3,000 deductible with a premium of 39.50 and an out of max at 5,000. Instead I got a 500 deductible on a 12.50 premium with an out of max at 4,500. This also comes with pretty much $0 in copays. Thank you so much that would have been the biggest mistake in my adult life.

Oh my. I have my health insurance thru my employer for 2 years and HR didn't explained to my about it. And this video of 4:55mins explained to me everything. I hope HR's in every company present this video to new hires.

out of 3 videos I've watched on health insurance this one helped me understand the most (currently working on adult)

Usually, I never comment on RU-vid channels, but your channel is so convincing that I never stop myself from saying something about it. You’re doing a great job Man, Keep it up.

This was the best explanation of how health insurance works I've ever seen. So simple and to the point. Really Helpful!

This video really helps me understand health insurance and how to really know what to expect with certain plans and services. Thank you i can now comfortably teach this to my class mates.

I ended up broke after watching this.

Beautifully explained! Thanks for sharing!!!

Thank you so much for finally helping me understand how the healthcare insurance costs work.

Thanks for explaining the health care key concepts in such a easy to understand way!

Nice. Only thing it missed was covered vs uncovered expenses. Only covered expenses count toward your deductible. Make sure your provider gets the insurance company to say it’s covered. Otherwise YOU’RE paying and it doesn’t count for anything

Thank you for this VERY helpful video!

Wow! What an amazing and easy to understand explanation. Wish I would have had those years ago. Thank you very much!

500 deductible for a 200 plan where do I sign up bhahaha!

Thank for explaining it in such a simple way to understand.

This is a really good video that breaks down health insurance.

thank u for also being one of the few that explains these confusing terms!

Super informative! I did notice that I couldn't use closed captions though. Thankfully, RU-vid studio and other online services can make that an easy fix! As 360million people rely on utilizing close captioning to understand videos, adding them to your videos can help your message reach a wider group of people and promote inclusivity! Thanks!

Amazing explanation.

Thanks for sharing such great information. It is really helpful to me. I always search to watch the quality content and finally I found your video. Keep it up, keep posting!

Wow Its very simple informative video Thank u

Thank you so much for making this clear to me.

BEST EXPLANATION OUT THERE

In Australia it works differently (if we choose to get private health, we have universal health care for those who choose not to). We pay the monthly premium and then have waiting periods for each service. For example things like optical have a 2 month waiting period, things like dental surgery have a 12 month waiting period etc. But once you have served that waiting period, it doesn't restart again each year. You've served the waiting period even if you change private health insurers. Every now and then insurers will even have a deal where they waive all 2 and 6 month waiting periods. Once you have served your waiting period, the insurer will contribute a certain amount or percentage towards every service you are covered for, up to your maximum allowance every year. That maximum allowance resets every year, but the waiting periods don't. Edited to add: I've never heard of deductibles or maximum out of pocket, we don't seem to have that here with private health.

This is a fantastic video. It's clear and easy to understand your explanations. Thank you for providing this information.

Thank you so much for this informative video. You explained so well and I am no longer confused. Thanks for making it so easy to understand.

Simple yet insightful explanation! Gratitude!

What a brilliant video. Great advice, simple and practical. I like your video presentation. It is informative too, at the same time. Thanks a lot for your guidance!

Thank you this was very helpful and informative 👍👍

Thank you! Best video I’ve seen so far!

Very helpful!

Excellent video. Thanks very much

Hi there! I could have sworn I’ve been to your videos before, but I realized it’s new to me after browsing through some of the published videos. Regardless, I’m definitely happy I stumbled upon it and I’ll be subscribing it and checking back frequently!

WOW! This was SO CLEAR!

Finally I understand all about my insurance . Thank you.

the only way I could have understood this was by this video thank you!

Awesome. Thank you for explanation. I’m a foreigner here and having hard time understanding different terms.

Very helpful. Thank you and so sad it's expensive and complicated we need to watch a video on how to get ripped off by the insurance.

I am learning so much from watching your videos. Thank you so much for sharing this amazing source of information. This one is quite helpful.

Great explanation, thank you!

Wow American health insurance is so sad! But great video

This guy Eric Hirschkorn is a hardworking fellow. I have known him for more than 30 years. He knows his insurance! I would buy from him.

Just corporate welfare !!!

This video should be played in schools!

Awesome explaination, thank you

Excellent video. Thank you.

This makes me want to cry. I will never not be in debt.

STAY HEALTHY LOL

This was incredible! Perfect vid!

I literally can't even afford to just get a regular check up due to my deductable not being met lmao... Universal health care for America? Never.

I just learned this. I’m so pissed now. 😂 😂😂😂

This was beautifully explained

This was so helpful

Excellent video!

This is very helpful and I now have a better understanding of how all this works, but I also have a better understanding of how stupid this system is.

very very helpful :)

very helpful video thanks. however, this insurance thing sounds like a big scam to me

WOW I FINALLY UNDERSTAND! THANK YOU.

Good video, helped me a ton.

I hate our healthcare system

THIS IS AWESOME. thank YOU

Helpful explanation!!

THANK YOU!!!!!

Thank you for making this

I think I will use this video as a starter to the discussion on health insurance and premiums, in my next lecture. Thank you :) - Prof Ghosh

Well, my premium is just about the same amount as I'd pay out of pocket for my asthma medication. I might as well pay $320 a month to get the medication along with dental, vision, and preventative care visits. It's also nice to know that I won't go bankrupt if something bad happens and I end up in the hospital. Still, I envy Canadians.

Insurance Companies are literally profiting off of us we need a fully covered Healthcare system.

Finally got the concepts right. US Health Care system is truly confusing. Thanks for helping in the simplest manner. :)