Value-based insurance design

Value-based insurance design is like when your parents let you pick what you want to eat for dinner. Sometimes, they let you have a lot of your favorite food if they think it's good for you, like vegetables. This is kind of like how the people who give you insurance (like your mom or dad's job) might make it easier for you to pay for things that help keep you healthy.

Value-based insurance design helps you get the medical care you need by making it more affordable and easier to access. Instead of having to pay a lot of money for everything, you might only have to pay a little bit for things that will help you the most. For example, if you have a health condition that requires you to take medicine every day, your insurance might pay for most of the cost because it's important for your health.

Value-based insurance design can also encourage you to make healthier choices. It might make it less expensive for you to go to the doctor for check-ups or to get vaccines to protect you from getting sick. It might also make it more expensive for you to buy things that aren't good for you, like sugary drinks or unhealthy snacks.

Overall, value-based insurance design is like having someone who cares about you and wants to help you stay healthy by making it easier and more affordable to get the care you need.