system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: health insurance deductibles

My company has open season for insurance and I am trying to figure out health insurance deductibles and how they work.
gpt
The way it usually works is this:

Premium - Monthly fee, always the same. Your work might pay all or some of this for you.

Deductible - Total amount you have to spend on health-related costs before insurance starts to pay. This is often something like $2000. The first $2000 in health fees you incur in a year you pay for; after that, your insurance "kicks in" and starts paying for some or all of any future costs

Max Out of Pocket - You've met your deductible already and insurance pays for, say, 70% of all expenses. Once you hit this secondary level of spending, insurance will begin to pay 100% of all expenses.