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How much you have to spend for covered health services before your insurance company pays anything (except. Web by kimberly olson published march 9, 2022. Web updated on september 16, 2022. Web as a general rule, it’s a good idea to have a higher premium and a lower deductible if you expect that you’ll use your insurance often. Web a premium is like your monthly car payment. Learning insurance terms, such as deductibles, copays, and coinsurance. You must make regular payments to keep your car, just as you must pay your. Like most things worth having, coverage has a cost.