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Take time to learn the facts and you’ll find affordable health insurance options. For anyone living in, or considering moving to, the U.S. affordable health insurance is one of the most important personal planning topics to be considered. Unlike Canada, the U.K. and much of Europe, no single-payer public health care system is available in the U.S., although the current political climate seems to indicate a move in that direction. In the meantime, the burden and obligation of providing adequate individual and family health insurance coverage falls directly on the shoulders of the private citizen. Before beginning the search for the right policy for you and/or your family it’s important to become familiar with some of the most important terms regarding the cost of health insurance plans in the U.S. While there is really no such thing as cheap health insurance, your understanding of and attention to these terms can be instrumental in minimizing the cost of your coverage. When trying to craft an affordable health insurance policy, one of the most important considerations is the amount of the “deductible” amount under the policy. This is the amount of money that you, the insured, will be required to pay for your health needs before the benefits from those health insurance plans can be used. The deductible is usually expressed as an annual amount that must be met each year although some expenses, such as regular visits to the doctor, may be covered even before the deductible has been met. In general, the higher the amount of the annual deductible, the lower the monthly insurance premiums will be. Another important factor in finding an affordable health insurance policy is the structure of the “co-payment” required for various services. This is the amount that the insured is required to pay for covered products or services before the insurance pays the balance. For example, if a doctor’s appointment costs $100, the insured will have to make the co-payment” (for example $20) and then the insurance policy will pay the balance. Or if a prescription costs $40 the insured will have to make the “co-payment” (for example $10) and the insurance policy will pay the balance. When comparing various health insurance quotes, make sure that the dollar amount of both the deductible and co-payment amounts under each policy is identical so that the cost comparisons are accurate. Most health insurance companies will have several options for each item so you should be able to ask for quotes with identical costs for these two items. Perhaps the most common concern people express when trying to find an affordable health insurance policy is the risk of incurring health care expenses that are so large they could wipe out an entire lifetime of savings. Many people feel capable of meeting the more common and affordable health care expenses, such as doctor visits and prescriptions. But the prohibitively high costs of items such as heart surgery or extended cancer treatments can be financially devastating. This factor is directly related to a policy’s “maximum annual benefits” and “maximum lifetime benefits”.