The cost of health insurance for single coverage is approximately $393/month and the cost of premiums for family health insurance $1,021/month says statistics. And, that is affordable individual health insurance for you! Irrespective of whether you have employer insurance, are self-employed or are unemployed, look no further. Here is a brilliant guide to finding cheap health insurance plan for you or your loved ones. Gather knowledge Spend time learning about what cheap health insurance really is, whether you will qualify for it, and will the cheap health insurance plan serve the purpose of covering your medical expenses? Do you fill the bill? Are you eligible to enroll for Medicaid, a program that provides medical aid for low-income residents? Do you need to invest in health insurance at all? If the answer to that is yes, then read on. Balance requirement and affordability What is the cheap health insurance plan you are looking for, going to cover? Is it going to meet the cost of treating a chronic ailment, dental or vision care, prescription drugs, or is it just a precaution for future health needs that might arise? Being specific about the need for cheap health insurance will help you decide how much money you need to spend on it.