We can't recommend one insurance company over another or suggest a specific medical insurance plan. However, we can help you understand the terms that are confusing you and eplain what constitutes a cheap medical insurance plan. Premiums and deductibles both refer to epenses that you will be responsible for. The premium is the amount that you pay monthly to the insurance company in echange for them providing you with insurance that will pay a portion of your medical bills in the event of an illness or injury. Since you are looking for cheap medical insurance,' you are looking for a 'low' monthly premium. As long as your insurance is in effect, you will be responsible for paying this monthly premium, even if you never have a need to use your health insurance. If you stop making your premium payment, your insurance will be terminated. Most insurance policies will have a deductible associated with them. The deductible may apply to some or all of your covered benefits and are usually reset each calendar year. This is the amount that you will pay toward medical bills before your insurance starts paying. If you have an insurance plan that has a $1,000 annual deductible, you will be responsible for paying the first $1,000 in your medical epenses each year before your insurance company pays their portion. The health insurance plans that have the lowest premiums are typically the ones that have the highest deductibles. This is because the liability to the insurance company decreases when you take on more of the responsibility of paying your own medical epenses. People choose higher deductibles and lower premiums when they are primarily concerned about major medical epenses that could cause them financial hardship if they were to occur.'