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Health Insurance 101: What Is a Premium?
Learn about what a premium is and how to choose a health insurance plan with the right monthly costs for you and your family.
Written by Lauren Smith, MA | Reviewed by Mera Goodman, MD, FAAP
Updated on July 30, 2023Understanding what a premium is and how it affects your overall costs is essential to choosing a health insurance plan. A premium is the monthly fee that you pay for your plan, whether or not you received health services that month.
Got more questions about premiums or how to pick the right plan for you? Talk to a representative from your health insurance company who can break it down and give you personalized advice based on you and your family’s needs.
References
HealthCare.gov. (n.d.). Premium.
HealthCare.gov. (n.d.). Your total costs for health care: Premium, deductible & out-of-pocket costs.
View All References (1)
MedlinePlus. (2022). How to choose a health plan.
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