Revisiting Deductibles, Coinsurance, and Max out of Pocket...And COPAYS

I made a video about this topic several years ago, but still to this day, one of the most common misinterpreted parts of health insurance. How do the deductible, coinsurance, and max out of pocket realte; Any why do I feel deductible is nowhere near as important as max out of pocket.

I am a licensed insurance broker, and a district partner for my company Healthcare Solutions Team. I am here to help ensure people make the best decision for their health insurance in their state. I am licensed in the following states currently:
AL, AZ, FL, GA, IL, IN, KY, LA, MD, MI, MS, MT, NM, NC, OH, OK, PA, SC, TX, VA, WI

Feel free to call me at 708-566-6589 to discuss any health insuarnce options in your state!

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[nehalelsheikh]

You made it so easy for me, thank u so much

[michaelbarkley]

Thank you so much! this helped alot! Theres no one to ask for help with these kind of things and insurance is so stressful!

[danielthompson]

This video is why I got blue cross blue shield blue essentials silver 14..$1010 max out the pocket

[thefoxentrepreneur]

Yes, but what if it is something that is not covered? Like, can they say no to a serious procedure?

[parkedcarhitme]

Would I have to satisfy the deductible before I start paying the copay?

[MahmoudAli-fjxx]

In consultation case if the plan say 50 deductible and 30% co insurance what does that mean
Thanks in advance

[muradlalani]

My agent find insurance with deductible but I don't have out of pocket 0$ what is mean I have 625 deductible and $ 0 out of pocket max is good coverage. This is my question. And also have another question why people buy that kind of insurance with dectuble and also max of pocket why people just don't just deductible instead of buying deductible and out of pocket both why. See I got insurance just deductible I don't have have out of pocket m wondering please reply

[ericrobison]

Once I pay the max out of pocket amount for my family insurance. Is every cent after that amount for the rest of that year paid 100% by the insurance company?

[terrybracamonte]

What are your thoughts on a Indemnity (HPG) Health Protector Guard
from United Health Care. I have knee problems and might require knee replacement.

Thanks

[heatherreynolds]

So if not all members met the individual but the family deductible is met does that mean coinsurance kicks in for everyone? Or just those who met individual and family is met?

[Mustlehard]

So once you pay the deductible is it done for the year or is it every time you go to the hospital ??

[VisaFan]

Much better video with more steady camera man hand! thanks for explaining everything

[RelaxjocelinEnjoy]

What does non-network deductible $0 of $750 mean??

[charliegraham]

So when my policy says no deductible or copay for a service, then I would be billed nothing? I am on a public employee plan.

[tintinlol]

Damn! I am so stupidi. I have to play it 3 or 4 time to get the gist. 😅😂

[michaeljohnfuentes]

hi thank you for this video.. can we have a sample video about.. cross accumulation, carry over and other terms please

[ganadhishmehendale]

My plan has individual out of pocket maximum as 5000 and family out of pocket maximum 10000. How it will work?
Coinsurance for visiting doctors is 20%. So it should be applicable till out of pocket maximum is met?

[louiseannebasa]

Could you give an example of how copay, deductibles, and co-insurance works when visiting a provider? Thank you.

[iRulTheSky]

So essentially you want a low deductible and a low OOP correct?

[yallseeyeah]

I believed the coinsurance of 30% would come from the $7500 allowed amount?
Should it be that way?