If you suffer from chronic illness or a condition that requires ongoing treatment, you can choose a plan that has a higher premium but a lower deductible. That way, the insurance policy takes over your expenses after you pay a relatively small amount. If you’re someone who is rarely sick or injured and needs just-in-case insurance, you can choose a plan with low premiums and a high deductible. Your monthly costs will remain low, but if you do have to make a claim, you’ll pay more before the insurance policy takes over.