How does health insurance work?

Health insurance is a way for individuals to pay for medical costs without having to pay the full cost out of pocket. Health insurance works by providing protection from costly medical bills. Individuals purchase a health insurance plan that fits their needs and budget, and then pay a monthly premium to the insurance company. The insurance company then pays out a predetermined amount of money when the insured individual needs medical care. This money is used to help cover costs such as doctor visits, hospitalizations, medications, medical tests and other medical-related expenses. The amount of money the insurance company pays out is based on the benefits of the plan the insured purchased. Health insurance plans vary in terms of the services they cover, including what portion of the cost they cover and how much they will pay and how long they will last. Depending on the plan, some may cover all costs associated with necessary medical care while others may only cover some of the costs. Washington state has specific laws and regulations governing the types of health insurance offered, who is eligible to receive coverage, and other factors. Understanding these laws and regulations is important to ensure individuals are receiving the level of care they need and are paying the right amount for their health insurance.

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