Healthcare Costs Explained - How To Pick The Right Health Insurance Plan

hey guys I'm Dariana from Metro plus and I'm here to talk to you about health insurance and it's called I know I get it health insurance in this country can be confusing and expensive but you need it I'm gonna throw a number at you sixty-eight thousand nine hundred dollars big money right but tell me would you guess that this is the total cost of the surgery for a torn ACL or is it the sticker price of a 2016 BMW 550i super have you guessed the Beemer you're wrong but if you guess the surgery you're right that Beemer is gonna cost

you about three thousand dollars less sixty six grand I guess you can save some money on the Beemer with other options but when it comes to your knee you have two options knee or no knee now if you have insurance and you need that surgery you're covered you only have to pay a small portion of the sixty eight thousand and maybe you can start saving money for that beam with the money that you're saving because of your health insurance and if you think all insurance is expensive think again there are a lot of options in New York's marketplace generally health care plans are divided

up by metals Bronze Silver Gold and Platinum basically the blingy or the metal the more you'll have to pay for your premium but the less you'll pay for your copay or deductible and your out-of-pocket maximum did I lose you okay let's define some of these terms a premium is a fixed amount usually monthly that you're responsible for whether you use any medical services in return your insurer will cover a portion of your cost if you or someone your plan needs medical attention but keep in mind the insurer will still expect you to cover some of these expenses with your money

a deductible this is the amount you pay out of your own pocket before the insurance company covers any expenses here's how it works you end up at the ER getting stitches after coming home with your mum and decide you niece over an avocado and slice your hand in the process no that never happened to me if the care you've got costs $1,500 then you have to cover that cost because it's less than your deductible but if you're in the hospital and have $15,000 in surgery bills you have to pay your deductible and your insurer will pick up the excess thirteen grand - your copay a

co-payment or copay is a flat fee that you have to pay even after your deductibles for specific services like prescriptions or doctor's appointments so knowing all this how do you decide on the right plan for you from a cost-benefit perspective ideally you want your annual healthcare cost to be well above or well below your deductible if you have a three thousand dollar deductible but never spend more than two thousand dollars a year on medical services you could probably get away with a higher decibel and lower premium but if something catastrophic does happen you're on the hook for that

amount so it's a risk if you have that same $2,000 deductible but regularly spend more than four thousand dollars a year on doctors and prescriptions you're probably better off choosing a lower deductible and higher premium plan upfront knowing that you won't have to pay that three thousand dollars later and if you're planning on having a baby Mazel Tov or think you'll need to deal with those health issues you've been putting off it makes sense to plan ahead and pay for something more comprehensive it will save money for you and your family as those bills add up but if you don't have a family it's fine no pressure unlike viola daddy ganea que yo quiero

conocer a- Nieto's you can get coverage for like twenty dollars a month that's less than your weekly MetroCard metro plus has affordable plans specifically designed for new yorkers for less than ten dollars a month the new metro plus essential plan even has options that cost you nothing check all them out at metro plus org slash marketplace