What Is Insurance?

This video simplifies the concept of insurance as a means of sharing financial risk among a large group of people.

Insurance is a financial risk-sharing mechanism among a large group.
Monthly premiums are pooled to cover costs for members who incur losses.
This system enables individuals to have substantial coverage without the need for large out-of-pocket expenses in the event of an accident.
The example of car insurance demonstrates the practical application of insurance principles, highlighting its benefits in providing financial security.

This video provides an overview of the various parts of Medicare, aiming to simplify a complex topic:

This video highlights the variability in prescription drug prices across different pharmacies. Below are some key takeaways:

This video explains the basics of COBRA (Consolidated Omnibus Budget Reconciliation Act) and its significance. Here are some key takeaways:

This video addresses the critical yet often overlooked topic of long-term care (LTC) and its financial implications.

This video provides a clear explanation of Explanation of Benefits (EOB) and their purpose in the context of health insurance:

This video sheds light on the concept of healthcare networks and their impact on where you can receive medical care with your insurance plan: