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.

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How To Save At Least $300 On Health Insurance

[Mxy-ffzk]

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

[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.

[citizen.insane]

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

[thomasnorris]

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

[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.

[rfdelarosa]

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

[gumballD]

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

[raymondt]

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.

[Konrekt]

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

[righteousone]

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

[gouvyfam]

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

[esonon]

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.

[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. 🤷🏼‍♂️

[mikeg]

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

[topbossful]

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

[ansh]

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.

[Eric-bhjy]

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

[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.

[yaoz]

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

[bey]

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 ..