What is a Premium?
Premium
[pree-mee-uh m]
noun
1.
A Premium is the payment made to the insurance company, either monthly or in a lump sum, to purchase insurance. The Premium does not include other costs like copays or deductibles.
Related Content
The Best of Both Worlds
Here are a few reasons we’ve chosen to be independent.
Medicare vs. Medicaid
The terms Medicare and Medicaid sound similar but are two very different things. Learn the differences in this informative article.
Long-Term-Care Protection Strategies
The chances of needing long-term care, its cost, and strategies for covering that cost.