How To Save At Least $300 On Health Insurance

Most Americans are bad at figuring out which health insurance plan will save them money. A study of almost 24,000 employees at a major Fortune 100 company found that 61% of them chose the wrong plan for their needs and estimated that the average employee could have saved $372 per year by choosing a different plan. Watch the video above to learn why Americans struggle to pick the most financially beneficial insurance plan for them and how to pick the right one.
» Subscribe to CNBC: cnb.cx/Subscri...
» Subscribe to CNBC TV: cnb.cx/Subscri...
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedI...
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/Instagr...
Subscribe to CNBC PRO: cnb.cx/2NLi9AN
#CNBC
How To Save At Least $300 On Health Insurance

[@Mxy-ff4zk]

The problem isn't that we don't know how to pick plans. The problem is that there's no plans worth picking.

[@phenitagomes1292]

Two things can be true but you're definitely right they're not worth picking. I have to tell an agent that on the phone. That the plan I had if I had only understand what my plan was covering I wouldn't have chosen it. I canceled it.

[@raaid22]

Say it louder for the cheap seats

[@Prodigious1One]

Just choose the plan with the cheapest premium (monthly cost or bi-weekly cost) to spend the least money.

[@lawrence.centinales]

america

[@Techwithedwin]

you right. If you are young and not getting into crazy soft. I will go to the county health center and pay by visit. I got a plan paying 300 per month for a premium and an $ 18,000 deductible. when will the insurance start to pay? I will give the insurance 21K before they start paying any bills. you know what 21K can do to my savings in 12 months.

[@BroskiStudios]

Even this video was confusing. The American Healthcare system is so screwed up. Yeah people are overpaying, and probably can save money in the future with a different plan, but when you dont know what health issues you may have in the future, its really just a gamble.

[@SugoiTravelReviews]

Exactly - they expect you to predict your health. WHAT?! Literally no one can do that. Either way, health insurers make BIG $$$s. If we had healthcare for all, or at least a more simple plan, it would be waaaaay easier and likely less costly. I’m so tired spending hours just trying to figure out how to PAY for my health than CARE for my health

[@farmpunk_dan]

If there was a socialized basis catastrophic plan, insurance companies would be forced to compete for better service. But their entire service model is based on fear of losing everything to a catastrophic health event because NO ONE is immune to such an event. It’s always a possibility. Of course if we can socialize the catastrophe, why not just socialize all of it?

[@phenitagomes1292]

I thought I was the only one. I half way got it.

[@thomasnorris7285]

Am a medical practitioner, I don't rely on my salary I have other streams of income.

[@adrianamartim9978]

That's smart my money works for me, I lost my job during the pandemic am currently comfortable earning from the comfort of my home.

[@adancastelhano7138]

What are your streams of income? Am looking for what to invest in.

[@kimberlycobbs9303]

Am a nurse and proud of my job.

[@thomasnorris7285]

@@adancastelhano7138 The major fortunes in World have been made in Real estate, crypto, NFTs and stock.

[@williamleonard2242]

@@thomasnorris7285 Bitcoin is the future.

[@citizen.insane]

Because lobbyists have worked hard to make health insurance as complicated as possible. They're the only ones profiting from this mess.

[@hermeslein6614]

Lol why do Haters of America keep bashing for having no free healthcare in Switzerland it is ranked 2nd most expensive healthcare in the world yes recently I had found out they have universal healthcare but it is not free services and publib free healthcare like Uk and other European countries so?

[@01jbeals]

Yes!!! That’s exactly right! 🤬

[@MariusNatt]

"If there is one common theme to the vast range of the world’s financial crises. It is that excessive debt accumulation, whether by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom." -- Carmen Reinhart It's a good time to take a beat up 401k and do a Roth Conversion if your stocks are really beaten down. Then you'll only pay taxes on the much lower current prices, and your Roth will be tax free.

[@stevencooper7818]

My main concern is now how can we generate more revenue during quantitative times? I can't afford to see my life savings of $400k crumble to dust.

[@Rachelschneider03]

@@stevencooper7818 Personally, I would say have a finiancial markt pundit. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good idea.

[@AshtonGrace]

@@Rachelschneider03 You are right! I diversified my $400K portfolio across various market with the aid of my investment adviser, I have been able to generate a little bit above $1.2m in net profit across high dividend yield stocks, ETF and bonds during this red season.

[@Rachelschneider03]

@@AshtonGrace How can I reach this adviser of yours? because I'm seeking for a more effective investment approach How good is this person at portfolio diversification, particularly with regard to digital assets?

[@AshtonGrace]

@@Rachelschneider03 My advisor is "Autumn Lynzi Smith". In terms of portfolio diversity, she's a genius. You can look her name up on the internet and verify her yourself. she has years of financial market experience.

[@raymondt817]

Understanding your plan is only half the battle. This completely overlooked the fact you don't know how much you would be charged for the services you need.

[@phenitagomes1292]

Exactly! Its exhausting and embarrassing if you show up and don't have the money because the amount isn't what you expected but oh yeah let's stop abortion and bring more people into this mess we call life.

[@rfdelarosa]

It's interesting that only in America would someone call a healthcare plan a product.

[@whyme5024]

Health care expense is average $13,493 per person ($4.5 trillion for the nation), more than a person spends on anything else and highly profitable. Why not?

[@Gustavof.017]

SINGLE PAYER HEALTHCARE SYSTEM PERIOD !!!!!

[@mikeg1731]

I highly disagree with her regarding high deductible plans. if you’re a younger, healthy person just starting out in the work force, i think low deductible plans are much better and end up costing much less. With my previous company, i had a high deductible plan, and it was so hard for me to reach that deductible before my plan would cover ANYTHING. I made the mistake of thinking that just because I’m young and healthy, that meant I’d never have to go to the doctor and therefore wouldn’t need to meet the deductible. Meaning, any little thing i had to go to the doctors for, i was on the hook to pay it up front, same for prescriptions. I ended up paying over 2,000 out of pocket (which still didn’t meet the out of pocket maximum!!!) plus prescriptions and the and co pays over the course of a year. Even now with a new plan that started in Jan 2022, i didn’t meet that deductible before the plan ended. Now i have a low deductible plan and the experiences are night and day. Everything is covered basically from day one and the prescriptions i used to have are now covered by my insurance. Roughly, i won’t pay over 1200 this year with the new plan, and that’s IF i need to meet the deductible, which is only 200$. After paying 200$, my insurance covers everything up to 90%. I think that wasn’t great advice and she should’ve clarified what types of plans are best for different kinds of people instead of making that general statement

[@olympianstv]

What plan do you have?

[@darrenclark9776]

Yeah…. What plan is/was it?

[@esonon5210]

I've been working for almost 7 years now and I finally began to understand health insurance and my plan starting this year. HR needs to do much better.

[@ling636]

That is your own fault

[@ShreyasBharadwaj]

Politicians.. not your HR .. vote better.

[@esonon5210]

@@ShreyasBharadwaj why would politicians explain my health insurance options you dunce?

[@phenitagomes1292]

Same. It's really sad how screwed up this country is. Everything is about money. Even when you dont have it.

[@thunderb00m]

@@esonon5210 lmao. the system should not be so complex that you need 7 years to understand, unless you are a dunce

[@Konrekt]

The fact alone that this video needs to exist shows you how fcked your system is.

[@gumball3D]

We need a universal system. Every developed country has one and costs are lower.

[@jonsmith7659]

But what about profits? Are you saying we should do something for the public good and not be driven by a profit motive? That’s un-American.

[@michaelc.seeley4850]

Amen

[@gouvyfam]

People probably would rather pay higher premiums than risk being denied coverage and be stuck with a crippling bill after an unexpected situation

[@jackelpe]

People would rather not worry about it all... like every other developed nation on the planet.

[@nelauren]

Exactly. They’re basically asking you to predict what health issues or accidents you might have.

[@mattheww239]

This is a very big fear of mine. Any advice you guys have from research on affordable, safe plans I’d appreciate.

[@bertborden3827]

That's exactly what is your gambling whether you'll have the money to pay the deductible or not.

[@theinformationhub336]

It’s worth it. I had an accident last year and my “affordable plan” paid 0 dollars. And I am now stuck with a lot of debt. And had to go get a new plan that gave me the card I needed but that took 1 month to kick in

[@LERJizz]

Crazy to see how health insurance companies, pharmaceuticals, for-profit hospitals, “non-for-profit” hospitals, and GOP have worked so hard to convince Americans that having unaffordable insurance or no insurance at all is better than single-payer health care model. 🤷🏼‍♂️

[@topbossful]

The problem with health insurance is that health insurance companies are for profit it’s that simple

[@righteousone1]

Every single politician needs to be stripped from their taxpayers' health insurance until every American receives the same health insurance.

[@999bmxbandit]

This wouldn't hurt the politicians that are already rich. Would only hurt politicians who aren't otherwise wealthy.

[@nihouma11]

@@999bmxbandit then make it so politicians can only healthcare equivalent to the average level of care for the median American

[@danielsw7011]

It's impossible thou. It's not like they will agree to it. Even if you have health insurance, you will still be prone to illness when people are homeless and so many affordable junk foods are available that can make people overweight and obesse. You need to have a huge reform to fix it. It's should include education, affordable housing, foods, health care, and strict regulation.

[@rileydavis8268]

I'm freelancer with plan should I go for?

[@SandfordSmythe]

They would be part of a single payer program.

[@ansh7335]

The one trick to save money on health insurance is to live in any developed country other than US. The government ends up spending less per capita than US government and everyone gets better healthcare including people who are completely oblivious what health insurance is.

[@Spufflez]

If you get a high deductible plan but have a health emergency then what? Most people don't have thousands of dollars sitting around so they can pay their high deductible in one sitting. America needs a single payer system. We pay more money for worse healthcare outcomes than the rest of the developed world. Also, most employers only offer a single plan to their employees, so it's not like most people even have a choice. Most people will go bankrupt from a single healthcare emergency in this country, and it's disgusting.

[@Eric-bh7jy]

If you don’t go to the Dr all the time or have super pricey meds, take the cheap HSA plan and keep you own money

[@jonsmith7659]

Pay a premium. Pay a deductible. Pay a co-pay. Then get denied or be told you have to ask special permission to go to the doctor you want. It’s a giant scam. It’s necessary but it’s a scam.

[@stevesalvant80]

🤣🤣🤣🤣 it’s just so crazy I’m just going to laugh

[@Gustavof.017]

This entire system should not exist

[@Breakerisaac]

Get ride of deductibles, copays, and other hooks benefiting the insurance company more than the patient. Just one flat rate and coverage percentage sounds about fair.

[@DavidGarciajrtx]

health insurance is crazy expensive. for my little family my premium is $1350 a month. Something needs to be done about this.

[@choncord]

Dude, if that's your premium then how much do you earn?? Every month?

[@DavidGarciajrtx]

@@choncord only 12k a month, then with this my income is reduce

[@DavidGarciajrtx]

@@julm7744 lol, i invest 40% of my income. Also, this premium is excessive. Imagine people that dont make as much as me having to pay this premium.

[@DavidGarciajrtx]

@@julm7744 I know, clearly. I dont think you understand that the consumer is the only one getting screwed though. I work in healthcare, doctors charge crazy if you have health insurance for 2 minute of their time and then the insurance has you paying a premium so that you pay for a huge portion of the coverage. heath care is bs in the U.S. trust me im all about making money, health insurance is how i make my living but insurance companies are screwing people and specifically the middle class.

[@ajax4676]

@@DavidGarciajrtx o…only???

[@666yaoz]

It took me about 4-5 hours of research to understand US health insurance. Way too much time especially since I have a master's in engineering

[@phenitagomes1292]

..now can you explain it in simple terms please

[@Loissupes]

Suppose you break your leg and go to the hospital… but of course you choose an In network hospital BUT then somehow your bills keep getting billed as out of network because various hospital employees aren’t actually In network…. Wtf

[@phenitagomes1292]

America

[@stevesalvant80]

🤣🤣🤣🤣 Bc a lot of people are working under a contract and doing travel contract, travel contract pay better

[@hooberdoober576]

All insurance is a ripoff.

[@lynnjudd9036]

I would LOVE it if the U.S. had insurance plans that actually provided really good coverage. For example, some routine screenings such as a colonoscopy still are VERY expensive even with insurance.

[@Balaadu]

I don't think we Americans are stupid to not pick the plan correct for us. The lower deductible ones are expensive so folks ending choosing higher deductible ones with lower premiums. Nobody can anticipate what health services they would need in that year when they select the plan except for planned pregnancy. I am fortunate to get good health insurance from my employer and can afford the premiums and deductibles even with the HDHP maxing out on HSA contributions. But I think majority of Americans are not as fortunate as I am and actively choose not to get health services to save money. I am tired of this narrative of choice and free market capitalism when it comes to healthcare. Also, private insurance is a form of "socialism" too. I only visit PCP once a year, but I am sure as hell that my premiums are paying for someone's cancer treatment.

[@bey976]

The fact that we link it with employment Is what really sucks. I was just layed off from Peloton and now will have to pay a crazy amount of money for no coverage ..

[@konigstiger3252]

Well work harder so they lay off other people and keep you on

[@f86tune48]

@@konigstiger3252 or it’s a failure of a compny

[@laurenconrad1799]

What is this “pick?” You’re limited to what your employer provides. You can’t go to an employer and choose between Aetna, Anthem, United, or Kaiser, though I have literally turned down jobs because they only offer Aetna.

[@esonon5210]

High, Medium, and Low deductible plans is what they mean.

[@cnoyes72]

All of that depends on the employer. My employer offers choices from three insurance providers, bronze through platinum.

[@richterman3962]

Yes you can, you can decline it and get your own

[@BASESKIZL]

I’m a single guy w/o kids. I pick the cheapest possible plan, however if I do get injured it’s going to be $5-8k deductible on top of the $4k in premiums. So basically it’s $12,000+ if I get injured or even more in some cases. that’s crazy money.

[@BASESKIZL]

So yes I may benefit from the highest cost premium if I get injured but most of the time I do 2 visit a year to the doctor. So I end up paying way to much money if I really needed my insurance plan to work I’d rather pay out of pocket then pay $6k a year for two visits and maybe a lab. Yet if I were to get injured and have $100,000 in surgeries it would sort of benefit me until I pay the deductible. Also I’ve worked for 2 insurance co both give their staff $100-1k deductibles for about $5k a year so see how you’re getting ripped off there.

[@wideeyewanderer1785]

Wrong question. Ask yourself this, why is are there bad insurance plan to begin with? That someone’s life (a son, father, daughter or mother). Insurance company are making record profits, because they lobbied congress to gave themselves the authority to deny claims; which they do based on profitability

[@fbbWaddell]

The problem is that Congress is exempt from the crappy criteria that we all have to go thru. Their insurance covers them anywhere in the world and doesn't deny anything at all. The insurance they told companies to offer us, denies as much as possible, hoping we don't appeal, and then denies again because they want to make money, not pay money. I used to have a really good plan and I kept it for 2 years. UHC got rid of it because it wasn't as profitable as other plans. Now, I have an ok plan. I'm not happy, but at least I can afford the monthly premium.

[@ernestol.guerraa.4040]

the problem is the insurance per se, is not lack of literacy...

[@organizedchaos4559]

This is so stupid. People don’t need to understand something that makes no sense to begin with. Why don’t hospital and care facilities release prices. What we need isn’t some stupid cost comparison but universal healthcare.

[@noahlschneider]

We need Medicare for All!

[@mafarnsims]

Medicare is not as affordable as ppl think. How is $500 per month affordable for a retiree who has no income?

[@ivanlowjones]

I'm a retired state employee and my healthcare is included in my retirement. No premiums or deductibles and I only pay the co-pay for in network doctor visits ($15 standard or $25 specialist) and $5 generic pharmacy Rx ($10 non-generic Rx).

[@SaltySparrow]

"Get the right job, and hope they have a good health plan, sucker" - America, probably

[@raaid22]

Health shouldn't be a "product". We should have universal healthcare in the USA. Instead of paying each month and the insurance still denies coverage.

[@robertfrost6421]

We wouldn't need super duper healthcare if the government/economy cared about it's citizens health

[@somethingsomething9753]

Is this some sort of american problem I'm to european to understand?

[@hermeslein6614]

Lol The Healthcare in Switzerland is not free either they have to pay for their own health insurance like Us

[@deico4204]

Yes

[@esonon5210]

Europeans sticking their nose in our business again

[@janekmazur5985]

How to pick best healthinsurance: Pick single payer run by state system like NHS.

[@ling636]

NHS is trash. Go with the German/Singaporean system

[@darinherrick9224]

Easy to fix it! Universal Health Care!!!!

[@MsEvilgenius101]

How To Pick The Right Insurance: Leave The United States

[@SonicFanChic]

lol true.

[@shadmeyer7791]

Wish it was if you no ever had a doctor visit for the year you get that money back. That makes you more cautious on your everyday life. Meaning take care of yourself and be safe

[@Techwithedwin]

Healthcare is just crazy. People like me who don't have any health issue and has not been to hospital for 3 years. It's difficult to pay $200 to $300 a month and not get any service for it.

[@GreenAppelPie]

Most other countries don’t even have to worry about health insurance.

[@auro1986]

how? most americans need to pick, actually buy, the insurance plan from insurance company recommended and advertised by cnbc

[@heyitsbroski]

I hate how the price is the same whether you have 1 kid or 10 kids. I have just 1 kid, but I'm paying for the "family" plan. There should be an option for families with 1 child.

[@FinanceHustle]

American insurance is so complicated and fragmented. Nothing is transparent

[@tandraarisandi6680]

The greatest country in the world that didn't have a free health care

[@cmdr1911]

My wife carries our insurance than I use my FSA to cover the deductible reducing it 30 percent. After the deductible her employeer/insurance covers 100%

[@bluedogtransportwa]

Step 1: Move to a country that can actually build a competent health system Step 2: ??? Step 3: (Not For) PROFIT!

[@ling636]

Profit is good

[@choncord]

Thank goodness I live in the UK with my free socialized healthcare for me, my family and my parents and grandparents.

[@AustinWirl]

yeah but you pay for it in taxes, and you also have to live in the uk

[@choncord]

@@AustinWirl Yeah, we do pay taxes like most of the world, and just like you in the US. But the only difference is we get FREE healthcare, therefore unlimited treatment, no hospital bills, no going bankrupt, no monthly premiums. Not having to worry about affordability, not being able to work, getting sick. It's still free if you don't pay taxes for example if you don't earn enough or are unemployed. Diabetes and cancer patients and anyone with chronic illness, even HIV an AIDS won't have to pay for prescriptions, doctors visits, hospital treatment ever. Crux of the matter is that whatever we pay in taxes and what we get in return for ourselves and our families is negligible. Most people pay about $80 a month in taxes and even if that's one person in the family that works - he has his whole family covered regardless of how big it is. There's absolutely nothing wrong with living in the UK, everyone has their freedom, safety and security. It's why so many people from around the world come to live here and regard it as the Greates country in the world. The biggest drawback about the UK is the awful weather most of the year😂

[@flathame1]

@@choncord Here in the US, we pay taxes so we can fight proxy wars and give Big Pharma research and development money

[@lost_papi]

Health insurance shouldn't be a "product", it should be part of your rights.

[@michaellowe2530]

People complain about the VA but I’m truly grateful for them. I would hate to navigate this convoluted medical system.

[@dailydoseofmedicinee]

U.S. insurance industry net premiums written totaled $1.28 trillion in 2020, with premiums recorded by property/casualty (P/C) insurers accounting for 51 percent, and premiums by life/annuity insurers accounting for 49 percent, according to S&P Global Market Intelligence.👍

[@yasinali3754]

1:33 2 social security numbers visible

[@Castle_Bravo.]

Names and DOB are also visible 😂. Someone’s getting fired for sure.

[@mylesjensen8391]

this video is about telling you how bad you are at picking a health insurance plan and not actually telling you how to be better at it

[@andrewcleverly1322]

The amount of time we spend believing we can't is more than enough time to learn how you can. My brain.

[@andrewcleverly1322]

@John Alfred Crypt0 investment, but you will need a professional guide on that.

[@andrewcleverly1322]

@John Alfred you can reach out to him now on FB 👇

[@andrewcleverly1322]

@John Alfred Mark J. Ramsey

[@hamishphistopholoes6540]

BEWARE: SCAM ALERT. SCAM, SCAM, SCAM, SCAM...

[@AE780]

Step 1 move to Canada Step 2 get a job Step 3 profit !

[@phenitagomes1292]

Please teach this in schools. America is failing its citizens.

[@totalyfakenews]

Lmao a little late the window is closed until next year.

[@freddytang2128]

This is fascinating for me, watching as a Canadian

[@UnbornApple]

“How to save money on health insurance”? According to this video the answer is have less health insurance coverage. Wow. Thank you to the brain trust at CNBC. This video does nothing to address the reason why people with low incomes may “overpay” for higher insurance tiers, because they would go bankrupt if they had to pay that high deductible (or “liquidity” as the nerd said in this video). Unless you’ve managed to stash a lot of money in an HSA it’s worth it to pay a little more if case of a large unpredictable medical expense because that’s the whole damn point of insurance to begin with. High deductible health plans are a scam to offload the cost of healthcare from employers to employees, by pushing them to put money into HSAs to afford the high deductible when you need to.

[@rocioarteaga7606]

I get a high deductible plan at work because im in my 20s so i hardly go to the doctor. I put money in my hsa. My plan is to stash enough money there while im healthy and as i get older and need more medical care go to a lower deductible plan. The risk here is having an emergency but i believe the chances of that are low. Still possible though

[@karenrhonda6659]

I love your video at large but,i will advice everybody who is into cryptos to Stick with ETH and BTC as much as you can guys. If everyone sells when it starts to fall, which at one point it will, the dream may be lost because of it being too volatile for companies to get behind.

[@ishanchopra5696]

imagine being rich, being too lazy and ignorant to come to even the slightest agreement. Let's petition to fire the government or take from their pocket. Money is good for only three things : fun, investing, and given.The government don't care about us, that's why i always advice people to invest

[@harleysinger6632]

@@ishanchopra5696 I wanna invest my money on crypto. Bitcoin trading is great, unlike the stock market and other financial markets, bitcoin has no centralized location, since it operates 24hours a day in different parts of the world

[@mariahernandez1444]

@@harleysinger6632 you are right Bitcoin trading might make you rich if you are hedge fund with deep pockets or an unusual skilled currency trader After a successful investment you have nothing to worry about, whether the rise and fall of economy won't affect you. Make's your future brighter, by making good investment

[@jeffreysautrey6347]

@Олег Бёрт Hello everyone, well if I'm permitted to speak I think Investing right now should be at the top of everyone's list. In 2years you will be ecstatic with the decision you made today! Bitcoin is the most secure run on the largest decentralized computer network in existence.

[@karenrhonda6659]

@Helen Keller With all been said about Investments,never Invest your money when you not sure of making profits many of us have lost money until we got to know of Mr Mark Hutchinson who has the experience in managing accounts. He has traded for me for the past 6 months with massive profits weekly. I started with 1 BTC, today I have made over 5 BTC as profits.

[@fb3116]

This video would be 30 seconds rather than 11 minutes under a universal healthcare plan.

[@phillipsmatus1014]

Becoming goal oriented and investing are the most crucial life style to learn from a billionaire. My goal this year is to become a millionaire and I am almost there with the help of my forex investments, I have been able to shoot so high in my financial status. I earn 4 figures weekly and that has built a strong back bone for me,,,when you learn to invest,then you are ready to become wealthy.

[@monicanoah3498]

That sounds great,,,can you share some ideas of this forex?how can I go about it?

[@anitagriffin6172]

Great success can be achieved through investments. I am a perfect example.

[@lavidalocaconamor2112]

Can you please tell me more about this forex? I am new to it, how lucrative and time saving can it be?

[@parrhensley6938]

The idea of having multiple streams income was actually understood so well by me during this pandamic. I earned while at home because I also invest in forex. Investment is just the best idea for everyone and if you find the one that does not take your time from your daily plans, it's an advanced investment.

[@Manuelgreg2]

I used to trade in forex myself but made nothing but losses, always blowing my account. Can you give me your secret please?

[@johnmajor9564]

I have a health insurance without deductibles and co-payment. Otherwise I wouldn’t understand it.

[@payton5843]

Is lower better?

[@stevesalvant80]

@@payton5843 lower mean higher deductible 😂 I’m doing research on it it’s very complicated

[@beau9956]

"and how do we fix it?" SIMPLE. Single payer healthcare system. DONE.

[@edilbertoriscar2694]

Hi! i truly appreciate the knowledge i learned out of your content, and i do want to know more about insurance policies,as this has been quiet rampant in several countries. also, insurance policies has been a way of making monies out of people who looked forward to help their loved ones in times of great needs.Thus, i want to know how to be vigilant in acquiring such insurance policies.

[@burtb3477]

Greedy healthcare system!!

[@user-pp8ly2wn6t]

Thank you a lot for this video. This is very interesting and informative. Keep posting like those amazing videos, this is awesome.

[@farmpunk_dan]

Socialize it. Anything else is a scam.

[@laurenconrad1799]

All this confusion is by design. Health insurance companies profit when you’re confused. They actively make money by making the experience worse for consumers. What other business functions like that?

[@Yusuf-nn4or]

The wisest thing that should be on everyone's mind currently should be invest in different streams of income that don't depend on the govt. Especially with the current economic crisis around the world.this is still a good time to invest in GOLD,Sliver and digital currencies(BTC,ETH.).

[@logancaden6894]

෴十𝟏𝟓𝟎𝟖𝟖𝟏𝟐𝟖𝟕𝟎𝟏෴📲📲

[@logancaden6894]

You can get her via whats(app) messenger but you have to tell her that I referred you so she will replies you quickly ....here

[@hamishphistopholoes6540]

BEWARE: SCAM ALERT. SCAM, SCAM, SCAM, SCAM...

[@TheTimeForChange44]

9:17 says it all to me. Even if one is honest insofar as what he/she (with family) needs, as this video points out, there is not guarantee that the person (or family) can actually afford the plan - premiums, deductible and/or co-pays! Health care and insurance have become an antithesis to what is purposed to do in the first place: maintain one's health, not bleed people dry of their money, while providing questionable, if not also inadequate health care! 🤬

[@celieboo]

This story is already inaccurate. Many, if not most, employers only offer ONE plan these days, which usually ends up being a high deductible insurance plan. There is no choice. The last time I had an employer that offered a choice betwern an HMO, a PPO, and a high deducrible insurance plan was about 7 years ago. BTW, my only choice, a high deductible insurance plan, did not save us money as these experts are saying it would. The individual deductible was $6500 and the family deductible was $12,500. So you basically ended up paying out of pocket for everything since it was really difficult to hit those deductibles.

[@COASTER1921]

Ah yes the "choice" of health insurance. Aka your employer telling you what plan you will have if you want remotely affordable coverage.

[@xero20xx38]

Just reading the title, why do you want to save money on healthcare plans (usually ‘cheaper’ options mean either poorer quality or limited available options)? USA still is the only developed country that requires ridiculous payment for healthcare whereas everywhere else is much more logical and reasonable. HOWEVER…. Your health and well-being is far more important than simply saving some money and cutting off some healthcare plan/options. First of all, you never know what may happen in the near future. Could be one week later, one year later, or even 10 years later. If you personally want to find cheaper options, then that is on you (assuming you are financially stable). Even if not, having a nearly full healthcare package is at least better than nothing. Overall, do NOT cut off ‘unused’ options or so just to save money. Health and well-being is far more significant than money in the long run and over your life (or even partner’s and children’s life).

[@FornembatDorisNjukang]

I need this help

[@ladybug3380]

What’s the best health insurance company?

[@TomCook1993]

this is why i love kaiser permanente

[@professorgrasstov]

Based on how much they will actually use over the year... this is so stupid

[@simba720]

Ah yes America, where bearing arms are a human right and Healthcare a luxury !! If I wasn't in the army I'd be going to 🇩🇪

[@northwestgardener5076]

I wish there was a plan for people who aren't obese. Im not interested in a plan that has to waste a lot of money on someone's fork control.

[@PianoTribe]

MEDICARE FOR ALL

[@Dee--Jay]

Its call insurance. Sometimes you pick the better plan just in case the worst of the worst happens

[@brandonbakhtiar7451]

I worked for Genentech. The biggest culprits are the insurance companies. Consider the major players in AMERICAN healthcare: Hospitals, Doctors/nurses/staff, drug makers, drug distributors and insurance companies. Hospitals: hosting/keeping the lights on of a real facility.... NECESSARY role in the system. Doctors/nurses/staff: running around interfacing w/patients...NECESSARY role in the system. Drug makers: A grayer area here but they actually do make R&D intensive medicines... Could their profits be regulated/capped in a balance to not stifle innovation but reign in profits? SURE. But they also play a NECESSARY role. Making monoclonal antibodies takes serious knowledge. Now here are the two key ways costs get inflated & where Americans get gouged. Drug makers make bulk purchase agreements with McKesson (ticker MCK $50B+ market capitalization), Cardinal (ticker CAH $20B market cap) and Amerisource Bergen (ticker ABC $33B market cap).... These distributors make nothing, they create contracts with end users hiding the prices they pay to purchase... Google the market cap or CEO pay of each of these companies and remember they each pay a C-suite of executives crazy $ and WHAT DO THEY DO? ...(drum roll)..."distribution". Something requiring no special expertise and certainly not something a not for profit entity armed with cutting edge technology could do WITHOUT the profit motive involved. They simply buy in bulk directly from the manufacturer (like Polivy or Avastin or Rituxan from Genentech) and then jack up prices to the end user hospitals, pharmacies and hence patients or rather the patient's insurance....which brings me to the REAL ASSHOLES in this train wreck of a system. Insurance companies: What do they do? Provide a facility for people to get surgery at? Nope. Go to medical school for years and then interact with patients? Nope. Use technology to make medicines? Nope. INSURANCE SIMPLY CHARGES PEOPLE THE HIGHEST PREMIUMS POSSIBLE AND THEN DENY/DELAY CLAIMS until people die or give up. ABSOLUTELY NOT ESSENTIAL. A NOT FOR PROFIT ENTITY COULD ABSOLUTELY ADMINISTER A NATIONAL PLAN WHERE THE REAL STATISTICS OF DISTRIBUTED RISK COULD BE RELIED ON WITHOUT HAVING TO PAY INSURANCE CEOs 7 figures. Please Google "top 10 health insurance CEO pay" and marvel at the excess pay for merely collecting premiums and then trying as hard as they could to not pay claims. Those excesses are funded by the premiums we all pay. Absolutely not necessary. Getting rid of them would cut the costs everyone is always complaining about. We should have a not for profit national healthcare system without for profit insurance. Sure I can hear some express fear about the cost but we'd trade our $400/month premium for a new lower $300/month tax that would mostly only be for those making over a solid threshold. I support Bernie and all who support a national healthcare system without unnecessary middle men & the costs profit pursuits add.

[@marquisstrongchild7535]

Yeah feel free to show this to us a month after open enrollment. 😒

[@MoeH3]

CLOVER HEALTH IS THE FUTURE

[@user-dr2pg8fk2i]

4:48 STOP calling it "Obamacare" it's called ACA.

[@innovatecoin9990]

The Title should be "How we helped a controlled group of people choose the best healthcare plan for them" It's not necessarily showing you how to choose

[@emeraldkimble7602]

What about Medicare

[@IReapZz95]

do people not read when choosing a plan?

[@daralee3186]

When I called the insurance plan they told me that they have nothing cheaper and no other health care plan will be cheaper so I just took his word for it.

[@Rommie26]

The U.S would the best country if they could just fix their healthcare system

[@justinborysenko3885]

This is why you work with a broker or your HR people

[@AndreKostolany.]

go to south korea.

[@user-dr2pg8fk2i]

4:00 purchase the right plan based on how much healthcare they may need? THAT'S THE WHOLE POINT! WE DON'T KNOW AND THAT'S WHY WE BUY INSURANCE!!