Health Insurance Basics
What is a health insurance premium?
A health insurance premium is the monthly amount you pay for health insurance coverage. You pay the premium regardless of whether you use medical services. Premiums are separate from deductibles, copays, and coinsurance. ACA subsidies can reduce your monthly premium.
Key Points
- Premium: monthly amount you pay for health insurance
- Paid regardless of whether you use medical services
- Separate from deductibles, copays, and coinsurance
- ACA subsidies can reduce your monthly premium
- An independent agent can help you find the lowest premium for your coverage needs