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There are several pieces of the cost puzzle you should take into. Trying to determine your annual health care costs? Web insurance premiums, deductibles, limits. What are insurance premiums, deductibles and limits? Web if you prefer to keep your claims low, then select a low deductible. However, this will typically raise your premium. Web if you experience damage above your deductible, your insurance will take care of it for you!for example, if your deductible is.