Health Insurance Explainer

Profile photo for Mike Carbuccia
0:00
Elearning
38
0

Description

This demo showcases a personable, casual read of otherwise complicated material. My experience in the office environment helps me explain complicated ideas in an engaging and friendly way. Also showcased is my ability to add music to my work.

Vocal Characteristics

Language

English

Voice Age

Young Adult (18-35)

Accents

North American (General) North American (US General American - GenAM) North American (US New York, New Jersey, Bronx, Brooklyn)

Transcript

Note: Transcripts are generated using speech recognition software and may contain errors.
If you think medical benefits are confusing, you're not alone. Between all the costs, percentages and fancy insurance terms, it's no wonder only 14% of people understand their medical plans. Let's break things down, so you understand exactly how your medical benefits work. For starters, insurance companies use the term claim when talking about the amount of medical provider bills for services. It's just one of the many fancy words they like to use. Here are a few others you need to know. This is your deductible. It's a lot like car insurance. A deductible is a threshold amount that you pay first before your insurance kicks in to help cover the cost of your claims. Even after you pay your deductible, you might still be responsible for paying a percentage of your claims. We call this co insurance, but if you reach your out of pocket maximum, which is the most you will pay for covered services during your plan year. You don't have to worry about co insurance. The insurance company pays for 100% of your medical claims for the rest of the year, but only for covered services. So be careful. Ah copay works a little differently. It's a fixed cost that you pay up front for a service, which is great because you'll know the cost of a service before you even pull into the parking lot. Finally, there's preventive care. Preventive cares, any type of routine medical service that prevents illness like an annual wellness exam or your flu shot. As long as it's a coverage service, your plan pays 100% of the cost, so be sure to take advantage. These are the basics. For more details, click the attachments tab on the left and check out your plan summary.