What does a deductible mean and why do you still have to spend money when you go to a doctor if you pay for insurance every month?
What are the other fancy words I need to know?
How do you know if something is a good deal?
In: 399
A deductible is the price of an all you can eat buffet. If you eat a ton of food, you did good. If you ate very little, you probably should have done a la carte.
You have to spend money so that you are not wasteful. Many people waste food at a buffet, so some buffets charge you extra for excess food that you dont eat (copay or coinsurance).
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