What's up, Rich Friends? Welcome back to another episode of Net Worth and Chill with me,

your host Vivian2, aka Yarritch BFF, and your favorite wall street girly.

So this week, I want to talk about going to the doctors in particular for Americans

because it's a pretty traumatic experience. I'm going to go over, essentially, how basic

health insurance works. I'm going to tell you guys a pretty funny but also pretty horrific

story about myself, and then we'll talk a little bit about how you can make the most

of your money when it comes to going to the doctors and paying your medical bills. So

let's get started.

So when I started my first big girl job, I got off of, I shall say, my parents kicked

me off of their health insurance plan, and suddenly I had to figure out what a lot

of these strange words meant on my own. And in America, a lot of us get our health insurance

through our employers. So your employer offers different types of plans. You can choose

one to opt into. And if you don't have that option, you can actually buy health insurance

on the open market. And let's just talk simply about myself. I was a young person. I had

no idea what to do. So I was looking at the different health insurances I could choose

from. And there were a couple different options. You had a PPO, which is a fancy way of

saying, you pay more now and hopefully pay less later. You've got an HMO, which is kind

of like the happy middle ground of you pay a medium amount now and you pay a medium amount

later. And then there was a high deductible health plan with an HSA, which is where you

pay very little, sometimes none now. And if you do need to go to the doctors or if you

do get sick, you'll have to pay a lot more later. And what essentially happens is what

you pay now is called a premium. And you pay that every single month, whether or not

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