How To Choose The Best Healthcare Plan (2022!)

[@Sixdays_aweek]

Health insurance is such a scam.

[@wealthfrontvideos]

🫢

[@erkangwang630]

Cannot agree more. They kept on rip us off on multiple dimensions

[@bryanharrell4059]

@@pooploops What are PBMs?

[@eboyer97]

​@@pooploops what's pbms?

[@pooploops]

@@eboyer97 pharmacy benefit managers

[@TheBaconVanMan]

I’m a little late to the party, but now that I’m finally out of bartending and have my first “grown up” job, I’m having to figure this stuff out for the first time. School and my parents both failed me on teaching me this stuff lol. This was an incredibly helpful video and I really appreciate y’all laying this information out in a clear and concise way. Also, to the guy on screen, your tone and inflection was really great at keeping me engaged with something that’s otherwise insufferably boring. Thanks a lot for helping me to navigate the scam that is the American healthcare racket. Y’all rock!

[@MatthewAidan4ns]

Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[@juanrivera6207]

The fact you have to spend a certain amount before the insurance covers anything is insane

[@mactastic144]

Yeah, but there is gap insurance to cover the out-of-pocket costs.

[@Gforu81]

You have to spend to spend 😫

[@kadieel7447]

HOW AM I SUPPOSE TO KNOW WHETHER OR NOT MY HEALTH WILL DECLINE

[@ValkyrieM]

It’s a fun game health insurance companies wanna play

[@edwaite]

THANK YOU!!! I was overwhelmed but your video laid everything out so clearly. Life saver!

[@wealthfrontvideos]

Thanks, I’m glad it helped 🙌

[@brendagodinez8285]

Thank you I needed to understand this different things about insurance to get what is best for me. The other videos weren’t helpful like this one.

[@wealthfrontvideos]

Thanks! Glad it was helpful.

[@1luis4wero]

Health insurance should be free to everyone like other countries do.

[@wealthfrontvideos]

👀

[@markkulyas2418]

Nothing in life is free. Unless your a leach on Society.

[@rjgreen42]

Its not free, its called "taxes" this is how all those other countries do it.

[@dilleddough382]

@@rjgreen42 Yes and they spend way less per capita

[@foughtthelol]

American system is good for them. Pay more, but at least you get the satisfaction of not being obliged to pay for the care of your fellow man.

[@ElenaDiego-r3g]

Your videos are incredibly helpful. Please keep sharing such valuable content. Thank you!

[@lesliegarcia838]

this is what we all need when getting health insurance! thanks for the help!

[@wealthfrontvideos]

Thanks for watching!

[@davidmurphey5827]

"A plan is considered high deductible if it's over $1,400." Me with a $6,000 deductible at 23 years old. 😅

[@wealthfrontvideos]

😳

[@AislingBast]

It is a great video thanks for the great information and well delivered. This is exactly what I was looking for.

[@limitlessvictoria]

this literally sounds like a SCAM .......u have to pay this, oh wait u gotta pay this now, oh now u need to pay this before we help, oh but u can't use those places just these, of sorry we don't cover that, IT NEVER ENDS. and in the end u continue to pay wtf. WHY DO WE ALLOW THIS

[@wealthfrontvideos]

👀

[@lizjo7213]

My heart goes out to senior citizens who shouldn't have to decide between food or their medicines....

[@dannysalinas4511]

​@lizjo7213 what about me I'm barely 30 lmao

[@jimdavis081]

I'm from a developing country and while our healthcare system has its many flaws, our health insurance systems are not this too complicated! We mostly have HMOs -- where your premiums are tiered accordingly, the higher the tier, the more coverage (in terms of illnesses, op treatments, etc.) and higher premiums. For some, they also get a Life Insurance with HMO benefits attached to it. We don't have deductibles, co-pays, co-insurance and oop. When you see your bill, you'll see simply see 'patient's due' or 'out of pocket'.

[@jayzhou104]

Insurance in US is harder to understand than quantum mechanics

[@Gforu81]

😂truth. It's a robbery nightmare

[@henrythomas7112]

Another invaluable channel, will definitely explore more videos from you, sir.

[@wealthfrontvideos]

Thank you 🙏

[@BREEZETIMEFITNESS]

I love how you explain things very informative. Thank u, sir!!

[@mackenzie530]

I went to the emergency room in nov 2020. My blood sugar was too high for the machine at drs care to read. I was misdiagnosed in the ER as a type 2 diabetic. In dec of 2020 I was tested for antibodies and it turned out I was a type 1 diabetic. Because I was so unprepared I am still paying off my ER bill. Last year my company switched insurance to Aetna and started using their simplepay program. Its been an absolute nightmare and has been flat out horrible. This year we just got our open enrollment emails. They kept the aenta simple pay, but have now added a PPO type option and a HDPD option. Im trying my best to research with option is the best for me. I feel like im trapped between choosing 3 crappy options and im so stressed out. I feel like making the wrong choice could absolutely blow up my finances. Insulin isnt cheap.

[@wealthfrontvideos]

Sorry to hear this!

[@AZ-ht7vy]

people needs to remember this is an American problem. Many other developed countries aren't like this. this needs to change.

[@nicolepinkston7003]

@@AZ-ht7vy Saying this often does absolutely nothing to help us. Also, those countries have higher taxes which Americans can't afford and whatever happened to Obamacare that was supposed to help? Saying other countries have it but don't mention their wait times, their unwillingness to treat certain conditions and Americans paying for the defense, misses the mark. This also doesn't help us as if we can change it. And yes, I know thie comment is old.

[@ronaldmudenyo6281]

Thank you! You broke it down very well making it easier to understand everything.

[@wealthfrontvideos]

Thank you!

[@AlexaAlba-l4g]

Found your post interesting to watch. I can't wait to see your new videos soon. Good Luck with the upcoming update. This KZbin channel is very informative and effective.

[@EvanHerlihy]

Great video thank you! Can you explain in network and out of network?

[@wealthfrontvideos]

Thanks, glad it was helpful! When a doctor, hospital or other provider accepts your health insurance plan we say they're in network. We also call them participating providers. When you go to a doctor or provider who doesn't take your plan, we say they're out of network.

[@VirakNgauv]

One of the best videos on the topic thanks! New job soon so I need to consider which plan to pick.

[@wealthfrontvideos]

Thanks! Glad it was helpful 🙌

[@Violet-g56]

Tony, thanks so much for this video! You broke this down Barney style for me.

[@paulwilliams8067]

Thank you so much for letting me express my feelings about your post. You record every blog post so well. Keep the hard work going and good luck. Hope to see such a beneficial post ahead too.

[@wealthfrontvideos]

Thanks for watching!

[@maureenuzochukwu9533]

Thanks for enlightened me

[@miairizarry14]

amazing! much needed thank you

[@wealthfrontvideos]

Thanks!

[@calebreed9912]

Appreciate this info👍🏽

[@sreejith9922]

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

[@wealthfrontvideos]

Thanks for watching!

[@LiWeifung-v6k]

great breakdown

[@deontresmith7085]

this was really helpful thank you

[@lizzethmadrigal6426]

Great video!! Very informative. Thank you!

[@wealthfrontvideos]

Thanks for watching 👋

[@RanaPilgrim-ne6yq]

Helpful guide for navigating healthcare options!

[@wealthfrontvideos]

Thanks

[@robjbenson]

Great video, very informative!

[@wealthfrontvideos]

Thanks!

[@agentjordan605]

Indeed

[@pooh-bunny9249]

Excellent - I finally understand Health Insurance a bit more :)

[@CiciCece1]

Wow this was so helpful!

[@wealthfrontvideos]

🙏

[@chynnasonline]

I appreciate the basic knowledge !

[@amruthsar]

I am recommending this video to all of my friends. This video is so good and simple! Thank you!

[@wealthfrontvideos]

thank you!

[@vinnyt42allday]

I just don't get it. I can't find any plans that are less than 25% of my monthly budget? like how can i afford to take care of my health when I can't even survive if I pay for iy

[@wealthfrontvideos]

Sorry to hear that - hope you can find a plan that’s better for you.

[@KadeKurved]

Thank you for this!!

[@wealthfrontvideos]

🙌

[@SonicFanChic]

You helped me understand health insurance plans and the lingo a little bit better. But the fact that it is still confusing is what makes America the worst!

[@wealthfrontvideos]

Thanks for watching!

[@tonyg1120]

Well I choose the low out of pocket cost so Hopefully I get really sick next year to take advantage of it. I will start to eat Wendys everyday

[@wealthfrontvideos]

Frosties for LIFE

[@EyeWatchU2B]

Such a great explanation!

[@wealthfrontvideos]

Thank you!

[@purplegirl8036]

I think I understand the high deductible now. Basically no one can actually afford health insurance so you pay low premiums and then will pay everything else out of pocket. If you get a major illness then a $10,000 deductible is a discount if you owe millions or hundreds of thousands of dollars.

[@wealthfrontvideos]

Another way to look at HDHP-you can set aside tax free savings to invest for future healthcare expenses.

[@andrewton7801]

thank you! you explained this very well :)

[@wealthfrontvideos]

Thanks for watching!

[@helenmehari9739]

Thankyou very helpful

[@wealthfrontvideos]

🙏

[@creshv]

For ppo, hmo, and epo, is there always a fee or copayment that the client must pay?

[@agentjordan605]

Very imformational

[@wealthfrontvideos]

Thanks!

[@hownwen]

Thank you! But gosh I'm still unsure. There's only $1,000 out of pocket max difference between our high(no deductible) and base plan(deductible 1,500). The high plan would be a bit over $5000 more a year in premiums. Wouldn't it make sense to pay less in premiums and if we get really sick, just reach the max out and then all is covered? Thanks!

[@wealthfrontvideos]

If you have a solid emergency fund (6months worth of savings) to rely upon, in your case it might make sense to choose the HDHP. Thanks for watching!

[@wonderlizz]

Good job covering the basics! Please note that HSA participants pay an in network allowable amount, not the full billed amount 😊

[@kimlifestyleofficialmedia1949]

thank for your sharing

[@wealthfrontvideos]

Thanks for watching!

[@n310ea]

The only thing I know about healthcare is that the Individual Mandate has been repealed, and that's all I care about, no more paying tax penalties for being uninsured.

[@gflow1230]

thank you

[@wealthfrontvideos]

Thanks for watching 👋

[@brayanchinol2016]

I have a question I don’t even know how this works is hard for me to understand I’m young I’m 20 and I need to go to the dentist but they are charging me 2,000 dollars I don’t know what health plan to choose what would be a great plan to choose some one please answer with some help thank you !!!!!!! 7:28

[@wealthfrontvideos]

Hi it depends on the deductibles and how often you may visit a doctor.

[@thiagobarbosa7905]

Keep voting R.

[@MS-zv9cn]

Not to be that person, but it really feels like the us healthcare system was crafted around the idea of social darwinism

[@clubcya]

What about alternatives to traditional health insurance like healthshares, short term insurance, and members clubs like CYA?

[@leri3365]

I am a fairly young type one diabetic (28/male) who see's my endocrinologist probably 3-4 times a year. I am well controlled and only use my insurance mainly for those visits and to get my medication (insulin,pods,cgm). Should I get the HDHP plan or stick with the PPO plan. HDHP is $29 versus the PPO being $123 biweekly (saving $200 monthly seems like a lot to me, but not sure how this will affect my costs). Not sure if theres a bigger discounts on my medication or how it will affect my visits

[@Pop-fo7nc]

Looking for healthcare for my girl friend this was very helpful !

[@wealthfrontvideos]

Thanks! That’s great to hear.

[@KEVINSURIEL]

What would be the best insurance epo or ppo for which scenario is one begter

[@bkc280]

I lose my parents insurance in July. Will it be impossible to get health insurance in the middle of the year like that?

[@bmbaretopndc]

When will Wealthfront start offering HSAs?

[@wealthfrontvideos]

We don't have any plans to do so but never say never! Sorry!

[@thiagobarbosa7905]

Move to 🍁.

[@shadybones5739]

Thanks Tony, very helpful 👍🏼

[@wealthfrontvideos]

👋

[@BennettSewell]

This video needs more likes, comments and subscribes.

[@wealthfrontvideos]

Can’t say I disagree 💪

[@DakkyWrestling]

What health insurance would be the best for me , i see a therapist weekly, do physical therapy weekly, and have lots of prescriptions

[@aluminiumiodide]

Does this apply to Canada?

[@wealthfrontvideos]

As far as we know, no.

[@KEVINSURIEL]

Im paying $750 prem for $1700 deductible and $9k max

[@bensavage6389]

It's so complicated do I need to get a degree in this to see a doctor? I have a POS II. So as complex as this video is it didn't even cover my situation. This whole industry smells like scam

[@dero5466]

6:00

[@KEVINSURIEL]

I believe hsa is only for self employed?

[@APRIL916]

My employer offers several different plans that have HSA option. I'm in California if that matters.

[@isratjahan6548]

I am intended to go Germany for masters studies and age 40. is that for German heath insurance plan?

[@krystinasaragos1535]

So at the beginning of the year when people are picking up their prescriptions, they're paying their deductible plus a copayment?

[@wealthfrontvideos]

They typically aren't paying in full for it. For example, many health insurance plans cover 80% of the cost, meaning you cover 20%. This 20% adds up until you meet your deductible.

[@user-fv1576]

So if I have a visa for more than 6mths and want private medical, I still need to pay the $81 /mth for public regardless if it’s used ? So it’s a tax?

[@mariareyesvazquez8297]

What would you recommend for someone who is young, relatively healthy, but does regular physician and dental visits and pays for monthly medication? I feel like following your explanation, I should pick a higher premium with a lower deductible, but I am still scared to make a stupid decision...

[@wealthfrontvideos]

That’s hard to say but you could compare the two options you have, estimate the visits you expect in the next year, and compare how much each plan would cost you side by side.

[@agentjordan605]

Good question

[@guillermovides9893]

Health service in the USA is ridiculous. The quality is one of the best on results but the obstacles to reach it makes people not to be able to have it. What's the point of having the best doctor in my neighborhood if I can't afford it and he will do nothing if I can't afford it.... Health should be something that people get as a human right or a supported need which is affordable to help them live better and recover not something they get as luxury necklace which is worn only by the ones who can afford it.....

[@wealthfrontvideos]

😳

[@aliceb5147]

What a mess.. Could they make it any more complicated?

[@Medicents]

Please don't limit your learning to this video alone! Health insurance is far too complicated to cover in 15 minutes, and this video neglects key topics, like network status, covered vs excluded services, common reasons for claim denials, and how to read a summary of benefits and coverage. Keep learning with other resources! (This is not a dig at Wealthfront-- their content isn't limited to health system literacy and I'm glad they've raised awareness)

[@_laquiry_]

💀 *THEY DIDNT TEACH US THIS IN SCHOOL* …. & I never calculated to find X or Y in real life 1 time …

[@phish_1]

Procrastination in collecting payments might end up the healthcare companies to bankruptcy! You never know maybe your patients will die tomorrow and they can no longer pay! Then you ended up “I wish I have collected the money on the spot”! The service now pay later is a scam! 😂😂😂

[@stephaniemorris2922]

Man this seems like a decent video, I couldn’t stick with it and try to listen to what he was saying because of the background music being so loud Donk Donk Donk. Lose the bass and I would love to watch this video. Be well.

[@wealthfrontvideos]

Thanks, appreciate you watching what you did and providing that feedback!

[@dochboga]

I didn’t even notice it. I guess different people are sensitive to these kind of things

[@aHondaaa]

definitely could've used more visuals and mapping out what he was talking about instead of just looking at his face in a circle in the corner

[@nebulousJames12345]

Do not-in-network expenses get covered after the out of pocket max?

[@wealthfrontvideos]

If it's a covered service, your plan is likely to cover out-of-network services after the out of pocket max is met. You should confirm that with your specific plan.

[@mokannabis6583]

sooo what is best for an 18 year old male🤧

[@wealthfrontvideos]

If you don't anticipate having many medical expenses, it's likely going to be the HDHP. Make sure you build up that HSA while you're at it!

[@allmyvids400]

I'm scared because I have got hit with the Obamacare tax penalty in 2021 and 2022 for not having health insurance, mostly because I just don't have the budget for it but I'm a little confused on what to purchase. I pray God simplifies these issues and problems in the name of Jesus Christ. Amen.

[@user-vu8iu2sx5u]

This is incorrect, penalties have been removed. You didn't calculate income for subsidies, correctly. Happens.

[@n310ea]

If you got hit with a tax penalty for being uninsured, you probably live in California, New Jersey, Massachusetts, Rhode Island, or D.C., where they imposed their own health insurance mandate with a tax penalty.

[@allmyvids400]

@n310ea I was working and living in Colorado when the IRS started saying I owe them money because I don't have health insurance.

[@munecalinda28]

So CONFUSING JESUS AND WHY DOES IT COST SO MUCH????

[@Gforu81]

💯only getting worse

[@RllaeMini]

its difcult i casn understand your video

[@Foodfortaught]

When it comes to medical, America has failed their citizens😩

[@wealthfrontvideos]

Thanks for watching! Subscribe to our channel here: kzbin.info

[@jmax8692]

Just get to the details 1:13

[@umeshthapa1921]

Life not easy in the US you have to live with all the insurance like car, house, health,😕🫤

[@n310ea]

But you don't have to have health insurance, the Individual Mandate has been repealed, there's no longer a penalty for being uninsured.

[@greateducation93]

I have a quick question

[@wealthfrontvideos]

How can we help?

[@robertremali8245]

Thank you so much for this. Very helpful.

[@EvaRead-sr2tj]

Health insurance should be free to everyone like other countries do.

[@wealthfrontvideos]

🙌

[@dero5466]

7:00

[@realestaterealness3828]

Very helpful- Thank you sir!