What is a premium?

Your monthly insurance payment to retain coverage. In addition to your premium, you usually have other out-of-pocket costs for your healthcare, including a deductible, copayments, and coinsurance. Typically, plans with lower monthly premiums have higher out-of-pocket costs when you obtain medical services and vice versa.

More about this topic

Blog posts

Coinsurance, Copay, Deductible – What’s the Difference?

Health Insurance Deductibles 101