Understanding 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.
MedlinePlus. (2022). How to choose a health plan.
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Written by:
Lauren Smith, MALauren Smith, MA, has worked in health journalism since 2017. Before joining GoodRx, she was the senior health editor and writer for HealthiNation.
Reviewed by:
Mera Goodman, MD, FAAPDr. Mera Goodman is a board-certified pediatrician. Prior to medicine, she worked as a management consultant.
