Definition: The word "cheap health insurance" refers to healthcare coverage that is affordable, inexpensive, or cost-effective for individuals or families with a low income, no health history, or a family member who has pre-existing conditions. A cost-effective plan typically includes lower costs than traditional health insurance plans, which can include deductibles, co-pays, and out-of-pocket expenses. This means that an individual pays a smaller percentage of their total medical expenses compared to the typical cost of health insurance. In contrast, expensive health insurance plans often have higher deductibles, co-payments, and other fees for certain services or procedures, making them more expensive than affordable healthcare options. These costs can be significant, especially if an individual or family is self-funded. It's important to note that while cheap healthcare coverage may seem attractive, it's not always the best option for everyone. It's crucial to consider factors such as your income level, health history, and insurance preferences when choosing a plan. Additionally, many affordable plans can be better suited for individuals with pre-existing conditions or those who have low incomes, but cost-effective options are still available in certain areas.