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In this video tutorial, the presenter explains the basics of understanding how a health insurance plan divides costs between the individual and the insurer. Using a sample plan from healthcare.gov, the key components highlighted are the deductible, out-of-pocket maximum, and coinsurance rate. The presenter emphasizes the importance of knowing these three numbers to comprehend the financial responsibilities of a health insurance plan. An Excel format will be used to illustrate these concepts effectively, starting with an example plan that has a deductible of $5,750 and an out-of-pocket maximum of $6,550.