From The Retirement Nerds.

📋 Confused by health insurance terminology? This comprehensive guide breaks down the most important health insurance terms you need to know: deductible, copay, coinsurance, out-of-pocket maximum, premium, HMO, PPO, EPO, and more.

Whether you’re choosing your first health plan, switching during open enrollment, or just trying to understand your medical bills, this video will help you make informed decisions and potentially save thousands of dollars.

Related Videos:
HSA Tips: https://youtu.be/uQhDgDuewKc
HSA, FSA, or HRA: https://youtu.be/2uOxuDCbmuk
HSA Rules: https://youtu.be/A0zHnaA-lJk

Medicare 101: https://youtu.be/KCZRVvWY4r4

🎯 KEY TERMS COVERED:

✅ **Premium** – Your monthly health insurance payment
✅ **Deductible** – Amount you pay before insurance kicks in
✅ **Copay** – Fixed fee for doctor visits and services
✅ **Coinsurance** – Percentage you pay after meeting deductible
✅ **Out-of-Pocket Maximum** – Maximum you’ll pay in a year
✅ **HMO** – Lower cost, limited network, needs referrals
✅ **PPO** – More flexibility, higher cost, no referrals needed
✅ **EPO** – In-network only, no referrals required
✅ **POS** – Hybrid of HMO and PPO features
✅ **In-Network vs Out-of-Network** – Cost differences explained

Check out our resources at https://TheRetirementNerds.com/

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⏰ TIME CODES ⏰
0:00 Intro
1:04 What Is Insurance
2:24 Different Insurance Markets
5:18 Types of Health Insurance Plans
5:40 HMO
9:38 PPO
10:56 EPO
11:27 POS
12:39 Premium
13:07 Deductible
14:45 Copay
15:39 Coinsurance
16:16 MOOP
17:49 Cost Example
22:32 ACA
23:01 Medicare
23:48 Medicaid
24:39 HSA
26:29 FSA
27:12 HRA
27:49 PA
28:49 EOB
29:27 COBRA
30:02 OEP
30:36 SEP
30:57 HDHP
31:35 Formulary
32:03 Where to get help

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#medicare #theretirementnerds #healthinsurance #retirementnerds #finance

Federal Disclaimer:
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.