What Is A Health Plan Premium?

 

What Is A Health Plan Premium?

A premium is the amount of money a health insurance policyholder pays the company monthly to maintain coverage. The premium amount is determined by various factors, including the policy type, the policyholder’s age and health, and whether the policy covers an individual or a family. The premium is paid directly to the company in most cases, though some employers may pay part or all of their employees’ premiums as a benefit.