McGohan Brabender’s Post

Transcript

Fun fact, many people in the US are picking the wrong insurance plan, costing them hundreds, even thousands of dollars. But knowing what healthcare options are available to you can help you save money. Let's look at the options. Most employers offer two kinds of healthcare plans, a PPO and HDHP. Each plan provides different coverage, so you need to decide which works best for you. Can't decide? Let me help you. Are you a risk taker? Yes. Are you young and healthy? Yes. Do you have few medical needs? Yes. Then you might want to choose the high deductible health plan. I know the high deductible health plan can seem expensive, but it can cover you during emergencies and keep your costs low throughout the year. Do you know why the HP is a good plan? I'll tell you. Tell me more, tell me more. It's a good option if you only need a little medical care and only go for preventative screenings, which are free. Also, this plan works with a health savings account. K&HSA and the money in this account can go towards paying any unexpected medical costs or go towards your deductible. You'll want to put money in this account even if your employer already does. OK, so maybe you aren't a risk taker. Or let's say you have more chronic conditions and you need more covers than just preventative care. Well then a PPO might be your best option. You'll have a higher monthly premium, but you won't have to pay a high deductible before the plan takes over. You have the flexibility to choose where you want to go and what doctor you want to see. So when you need to pick a plan with your options, whether you want the plan to cover a little or cover a lot.