Eli5: How does health insurance work in the U.S?

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I have been working for a new company for a year now, and have been on their insurance through Aetna the entire time. It’s the first time I’ve had health insurance through work.. So I’m paying monthly out of my check for the health insurance, but then im still going to owe my health provider out of pocket at the end of the year if i don’t pile up enough medical bills?

In: Economics

12 Answers

Anonymous 0 Comments

It’s going to depend on the specifics of your plan, but generally speaking insurance is more for catastrophic events, not day-to-day stuff. It still usually gives some benefit, for those “regular” office visits, but its real purpose is to keep you from going bankrupt due to a surprise visit to the ER.

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