How insurance premiums and deductibles work

Health-care costs can add up fast. Understanding how medical costs and insurance are related and structured may help you anticipate expenses and budget better for your health. Watch this video to find out how premiums and deductibles affect your coverage – and what you can do to lower your medical bills.

Invest in You: Ready. Set. Grow. is a multiplatform financial wellness and education initiative, in partnership with Acorns, focused on improving Americans’ money knowledge.