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Health insurance plans generally gives protection against unpredicted financial situations at the time of healthcare problems. There are two types of healthcare plans namely traditional health insurance and high deductibles. Both these plans are different from each other in many features.

Traditional health insurance is a kind of health insurance with different premiums, interest rates, claims etc. This plan operates on its own system of coinsurance and copayment. This plan has its own limits of coverage.

Purchasing health insurance is very essential but it is also important to have good knowledge of its some common terms which are similar in every health insurance policy of every company and which might also effects the decision of buying insurance such as deductibles, copayments, coinsurance etc.