Here’s how the money part works, like a super simple story:

1. You have a piggy bank at home.
Every month, Mommy and Daddy put some coins in a BIG piggy bank at the insurance company. That’s called a “premium.”

2. When you get sick, the doctor fixes you and says, “This fixing cost 100 candies!”
But 100 candies is a silly pretend number, like when you say your toy costs “a million dollars.”

3. The doctor sends a note to the insurance company that says, “Hey, we fixed the kid!”

4. The insurance company looks in their BIG piggy bank and says,
“Okay, we actually only owe you 20 candies because that’s our secret deal.”
So they give the doctor 20 candies (or maybe only 15 if you still have to fill up your own little piggy bank first—that’s the “deductible”).

5. Then the doctor looks at you and says,
“Your family already gave us some candies from the big piggy bank, so you only owe me 5 candies today.”
That’s your part (like a copay or coinsurance).

6. You give the doctor 5 candies and go home happy with a fixed tummy.

So…

Everyone puts candies in the insurance piggy bank ahead of time, just in case someone needs a doctor. When you do, the big piggy bank helps pay most of the bill, and you only pay a little kid-sized part.

That’s it! 😊

(http://www.autoadmit.com/thread.php?thread_id=5800544&forum_id=2Elisa#49448541)

man, AI is such a blight

(http://www.autoadmit.com/thread.php?thread_id=5800544&forum_id=2Elisa#49448561)