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Dialogue: 0,0:00:00.99,0:00:03.06,Default,,0000,0000,0000,,- So there are three ways\Nthat you might be able
Dialogue: 0,0:00:03.06,0:00:04.47,Default,,0000,0000,0000,,to get yourself health insurance.
Dialogue: 0,0:00:04.47,0:00:06.48,Default,,0000,0000,0000,,The first way is that\Nyou just get it directly,
Dialogue: 0,0:00:06.48,0:00:08.33,Default,,0000,0000,0000,,and that would be an individual plan.
Dialogue: 0,0:00:08.33,0:00:11.52,Default,,0000,0000,0000,,You pay the premium,\Nyou get the insurance.
Dialogue: 0,0:00:11.52,0:00:14.61,Default,,0000,0000,0000,,The second way is many employers\Nwill provide insurance.
Dialogue: 0,0:00:14.61,0:00:16.83,Default,,0000,0000,0000,,They will pay all of the premium,
Dialogue: 0,0:00:16.83,0:00:18.39,Default,,0000,0000,0000,,or a large chunk of the premium,
Dialogue: 0,0:00:18.39,0:00:20.85,Default,,0000,0000,0000,,in certain cases, they might\Neven pay a large chunk,
Dialogue: 0,0:00:20.85,0:00:23.16,Default,,0000,0000,0000,,or the full premium for family members,
Dialogue: 0,0:00:23.16,0:00:25.20,Default,,0000,0000,0000,,and then the third way is the government.
Dialogue: 0,0:00:25.20,0:00:26.91,Default,,0000,0000,0000,,You have programs like Medicare
Dialogue: 0,0:00:26.91,0:00:28.44,Default,,0000,0000,0000,,for primarily senior citizens,
Dialogue: 0,0:00:28.44,0:00:30.99,Default,,0000,0000,0000,,some other cases where other\Nfolks might qualify as well.
Dialogue: 0,0:00:30.99,0:00:33.63,Default,,0000,0000,0000,,You have Medicaid for low income folks.
Dialogue: 0,0:00:33.63,0:00:37.41,Default,,0000,0000,0000,,You have also government\Nprograms for say, veterans.
Dialogue: 0,0:00:37.41,0:00:39.63,Default,,0000,0000,0000,,Now, as I just alluded to,
Dialogue: 0,0:00:39.63,0:00:40.83,Default,,0000,0000,0000,,probably the biggest difference
Dialogue: 0,0:00:40.83,0:00:43.05,Default,,0000,0000,0000,,is who actually makes the payment.
Dialogue: 0,0:00:43.05,0:00:44.04,Default,,0000,0000,0000,,The government programs,
Dialogue: 0,0:00:44.04,0:00:47.01,Default,,0000,0000,0000,,it's the government who's\Nmaking the premium payment.
Dialogue: 0,0:00:47.01,0:00:49.38,Default,,0000,0000,0000,,In the employer case, it's the employer,
Dialogue: 0,0:00:49.38,0:00:53.07,Default,,0000,0000,0000,,and they're doing that with\Npre-tax money, which matters.
Dialogue: 0,0:00:53.07,0:00:54.81,Default,,0000,0000,0000,,They're giving this to you as a benefit
Dialogue: 0,0:00:54.81,0:00:56.85,Default,,0000,0000,0000,,and you do not pay taxes
Dialogue: 0,0:00:56.85,0:01:00.15,Default,,0000,0000,0000,,on the money that they are\Npaying for your insurance.
Dialogue: 0,0:01:00.15,0:01:03.10,Default,,0000,0000,0000,,Well, with an individual plan,\Nyou pay that out of pocket.
Dialogue: 0,0:01:03.10,0:01:05.43,Default,,0000,0000,0000,,You pay that yourself.
Dialogue: 0,0:01:05.43,0:01:08.64,Default,,0000,0000,0000,,Now, if you meet certain\Nincome guidelines,
Dialogue: 0,0:01:08.64,0:01:10.80,Default,,0000,0000,0000,,and if you pay enough of a premium
Dialogue: 0,0:01:10.80,0:01:12.33,Default,,0000,0000,0000,,above a certain percentage of your income,
Dialogue: 0,0:01:12.33,0:01:14.61,Default,,0000,0000,0000,,some of that might be tax-deductible,
Dialogue: 0,0:01:14.61,0:01:17.31,Default,,0000,0000,0000,,but it is not fully tax-deductible
Dialogue: 0,0:01:17.31,0:01:19.83,Default,,0000,0000,0000,,the same way that when\Nyour employer pays for it,
Dialogue: 0,0:01:19.83,0:01:21.15,Default,,0000,0000,0000,,you don't have to pay any taxes
Dialogue: 0,0:01:21.15,0:01:25.53,Default,,0000,0000,0000,,on that premium that they're\Nproviding you at all.
Dialogue: 0,0:01:25.53,0:01:27.63,Default,,0000,0000,0000,,Now, on the individual side,
Dialogue: 0,0:01:27.63,0:01:31.14,Default,,0000,0000,0000,,because you are essentially\Ndeciding what type
Dialogue: 0,0:01:31.14,0:01:32.49,Default,,0000,0000,0000,,of insurance you want,
Dialogue: 0,0:01:32.49,0:01:35.16,Default,,0000,0000,0000,,it would give you the maximum choice.
Dialogue: 0,0:01:35.16,0:01:37.38,Default,,0000,0000,0000,,Now, in certain cases,\Nthat choice is limited,
Dialogue: 0,0:01:37.38,0:01:39.21,Default,,0000,0000,0000,,because when you're\Ngetting an individual plan,
Dialogue: 0,0:01:39.21,0:01:41.04,Default,,0000,0000,0000,,they're deciding what the premium is or
Dialogue: 0,0:01:41.04,0:01:46.04,Default,,0000,0000,0000,,whether to even insure you\Nbased on your situation,
Dialogue: 0,0:01:46.29,0:01:48.09,Default,,0000,0000,0000,,whether you have pre-existing conditions,
Dialogue: 0,0:01:48.09,0:01:50.73,Default,,0000,0000,0000,,your risk factor, et cetera,
Dialogue: 0,0:01:50.73,0:01:54.33,Default,,0000,0000,0000,,while with a government\Nor with an employer plan,
Dialogue: 0,0:01:54.33,0:01:56.52,Default,,0000,0000,0000,,they're not looking at your\Nindividual circumstances.
Dialogue: 0,0:01:56.52,0:01:58.65,Default,,0000,0000,0000,,With an employer, the insurance\Ncompany will say, okay,
Dialogue: 0,0:01:58.65,0:02:01.08,Default,,0000,0000,0000,,what's the average risk\Nof all of the employees?
Dialogue: 0,0:02:01.08,0:02:02.88,Default,,0000,0000,0000,,And if you're a higher risk employee,
Dialogue: 0,0:02:02.88,0:02:04.77,Default,,0000,0000,0000,,the employer's going\Nto pay the same premium
Dialogue: 0,0:02:04.77,0:02:06.78,Default,,0000,0000,0000,,for you as they're\Npaying for everyone else,
Dialogue: 0,0:02:06.78,0:02:08.97,Default,,0000,0000,0000,,and so you get that same coverage.
Dialogue: 0,0:02:08.97,0:02:11.52,Default,,0000,0000,0000,,One potential negative\Nof an employer plan is
Dialogue: 0,0:02:11.52,0:02:13.86,Default,,0000,0000,0000,,that it might be a little\Nbit more limited in terms
Dialogue: 0,0:02:13.86,0:02:14.94,Default,,0000,0000,0000,,of the coverage options,
Dialogue: 0,0:02:14.94,0:02:17.34,Default,,0000,0000,0000,,but that's not always the case.
Dialogue: 0,0:02:17.34,0:02:20.19,Default,,0000,0000,0000,,Finally, government, you are going to have
Dialogue: 0,0:02:20.19,0:02:23.46,Default,,0000,0000,0000,,probably more limits on what type
Dialogue: 0,0:02:23.46,0:02:26.07,Default,,0000,0000,0000,,of healthcare you might\Nget, but once again,
Dialogue: 0,0:02:26.07,0:02:29.07,Default,,0000,0000,0000,,they are fully paying the premium there.
Dialogue: 0,0:02:29.07,0:02:31.26,Default,,0000,0000,0000,,Last but not least, we could\Ntalk about deductibles.
Dialogue: 0,0:02:31.26,0:02:33.42,Default,,0000,0000,0000,,Generally speaking, the government plans
Dialogue: 0,0:02:33.42,0:02:34.92,Default,,0000,0000,0000,,are going to have the lowest deductibles.
Dialogue: 0,0:02:34.92,0:02:37.50,Default,,0000,0000,0000,,In some cases, they will\Nhave no deductibles.
Dialogue: 0,0:02:37.50,0:02:40.05,Default,,0000,0000,0000,,In the case of an employer-sponsored plan
Dialogue: 0,0:02:40.05,0:02:41.19,Default,,0000,0000,0000,,or an individual plan,
Dialogue: 0,0:02:41.19,0:02:44.91,Default,,0000,0000,0000,,it really depends on which\Nplan you actually get.
Dialogue: 0,0:02:44.91,0:02:46.92,Default,,0000,0000,0000,,So for a lot of folks,
Dialogue: 0,0:02:46.92,0:02:51.27,Default,,0000,0000,0000,,if you're not retired,\Nif you're not low income,
Dialogue: 0,0:02:51.27,0:02:54.69,Default,,0000,0000,0000,,employer-sponsored plans are\Nprobably where you wanna go,
Dialogue: 0,0:02:54.69,0:02:57.54,Default,,0000,0000,0000,,but if your employer\Ndoesn't offer those plans
Dialogue: 0,0:02:57.54,0:02:59.01,Default,,0000,0000,0000,,or you're self-employed
Dialogue: 0,0:02:59.01,0:03:00.39,Default,,0000,0000,0000,,and you need get that insurance yourself,
Dialogue: 0,0:03:00.39,0:03:03.19,Default,,0000,0000,0000,,then of course, individual\Nplans is what you need to do.