BHT_HealthInsurance101_230727
Speaker(s): Announcer
Date: July 27, 2023
Length: 2 minutes, 6 seconds


Visual:
Blue How To
Health Insurance 101
Brought to you by 
BlueCross BlueShield
Federal Employee Program 
fepblue.org


Visual:
On screen text: What’s Health Insurance?


Visual:
Animation of a man holding a health insurance card.


Announcer: 
Health insurance is important. But why? And what is it? We can explain. 


Visual:
Animation of a patient being examined in a doctor’s office.


Announcer:
Health insurance covers the cost of your medical care, including doctors' visits and prescriptions. 


Visual:
The doctor writes a prescription.


Announcer:
Think of it as a safety net in case you or a loved one gets hurt or sick. 


Visual:
Animation of the patient getting examined by doctors with different specialties.


Announcer:
It can also provide coverage for dental and vision care, plus mental health and substance use disorder services. 


Visual:
Animations of a man getting a health insurance card from his employer, and sitting at his desk with a laptop.


Announcer:
Your health insurance coverage can be offered through your employer, what's known as group coverage, or through a health plan that you choose yourself called an individual plan. 


Visual:
Animation of a calendar and a wallet.


Announcer:
Each month, you're responsible for paying a certain amount to your health plan in exchange for coverage. This is known as your premium. If you get coverage at work, this is taken out of your paycheck automatically and your employer may pay some of the cost. 


Visual:
Animation of a paycheck.


Visual:
On screen text: Your Deductible.


Announcer:
You may have heard the word "deductible.” That's a specific amount you pay for medical care before your health plan pays their share. 


Visual:
Animation illustrating how the bill is paid and by whom.


Announcer:
For example, let's say your deductible is $350. If you get a medical bill for $200, you're responsible for paying the entire cost. The next time you go to the doctor, you get a bill for $400 -- you pay $150 and your health plan covers the remaining costs. 


Visual:
On screen text: Your Copayment.
Animation of a doctor with a $30 amount, an X-ray with a $60 amount, and a prescription drug with a $10 amount.


Announcer:
Then there's a copayment, or simply your copay. That's a set amount you pay for a covered service, like a visit to the doctor or hospital or a specialist, or filling a prescription. 


Visual:
Animation of different health insurance cards.


Announcer:
Different health plans have different copays, and this set amount can change depending on the service you get. 


Visual:
Animation of a hand grabbing a FEP card, and a check mark.


Announcer:
Generally, once you pay your copay, there's no additional amount for you to pay. 


Visual:
On screen text: Your Coinsurance.


Announcer:
Some plans may also have coinsurance. That's your share of the cost for a service, usually calculated as a percentage. 


Visual:
Animation of a pie chart illustrating what is mentioned.


Announcer:
You start paying coinsurance after you pay your deductible. If you have a 20% coinsurance, you pay 20% of each medical bill and your health plan would pay the remaining 80%. 


Visual:
Animation of a smiling man giving a thumbs up.


Announcer:
Now you know some of the basics of health insurance. It can be a little confusing at times, but you can count on us to help you stay informed and healthy every step of the way.


Visual:
Blue How To
Health Insurance 101


End credits:
Brought to you by 
BlueCross BlueShield
Federal Employee Program 
fepblue.org