OUT-of-POCKET MAXIMUM and DEDUCTIBLE (SAVE YOU MONEY)

(SAVE YOU MONEY) OUT-of-POCKET MAXIMUM and DEDUCTIBLE// Are you looking into health insurance options and choosing what the right health insurance plan is for you? Do you need to know more about the definition of out of pocket maximum and out of pocket deductible?

In this video, Stephanie Kremic discusses what you need to know when choosing insurance. Watch the video to the end to have the right health insurance deductible explained!!

Let us know what more info you would love to know about pocket maximum and deductible in the comments below.

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[StephanieKremic]

Let us know! Do you tend to sign up for the same benefits each year or change from year to year?

[christinsambor]

I have had to change my selections in the last few years, this makes a lot of sense. Thanks for sharing

[jeisygonzalez]

skip to 1:08 if you want to hear the explanation.

[ShawnBell]

Thanks! Going to show this to my wife as she is always dealing with this for us and taking care of submitting to insurance

[KateMurray]

Such valuable information! I wish we actually had the option, but my husband works for a school district so (unfortunately!) our health benefits are pretty much dictated by a consortium of people who really don't care! Healthcare in the US just sucks the money out of our pockets!

[TheOldMayfieldPlace]

Good explanation of Deductibles and Out-of-Pocket maximum. And very timely with the new deductibles kicking in in January.

[MonicaElena]

Thank you sooo much for your content!!! I love you already!!!

[nicomelmo]

It was super comprehensive! You sure knew what we are ??? to. You hit the nail right into it! Thanks.

[TheresaTruong]

Thanks for sharing! I'm currently relying on my husband's benefits he receives from his company.

[Welch]

Also I am trying to understand and navigate FEHB plans as a federal employee. It is my understanding that Blue Cross and Blue Shield are the most common choice by consumers of FEHB plans.

[MonicaElena]

Based on my needs since I go to the doctor often

[Welch]

What is a normal out of pocket expense. I know results vary depending on insurance utilization. I am curious about more info on this.

[dasaridass]

How this thing work.. Plan deductible is mentioned as 2500$ and 0 coinsurance and out of pocket set as 7900$.. Once we met deductible.. Will the insurance will be paid in full? If yes how the out of pocket will be dealt?

[KennethBenjaminVlog]

What if your insurance covers only 20% with no deductible, but you met the out of pocket maximum will you be covered at 100%?

[ptoruno]

if I spend at year 5 thousand per year, these minds the insurance does not pay anything because my out of packet is 65 hundred dollars (6, 500.) I paid for all the costs. the insurance nothing

[SEER]

what if your deductible is NOT APPLICABLE?

[aldochapa]

Ok so lets use your "out of pocket" example in a different way. Lets say I have the $6800.00 out of pocket and I don't use it because I am really healthy and I dont go to the doctor. Then suddenly I get a major surgery or accident and have to go to the hospital. The hospital is gonna charge $20, 000. The question is can I use the 6800 out of pocket and then the insurance will cover the $13, 200 that remains to be paid???

[geminigirl]

You should have give us examples on a white board, come on lady

[paulromer]

I have a question my union excepted my insurance claim 13000 I paid cash out of pocket, , , 11000 is what they oh me, ,, how long is it going to take to receive my A check in the mail??? What do you think??? I know this is a tough one????

[johnowens]

Does the deductible count toward the out of pocket maximum?