health premium
Coverage monthly payment
A health premium is the amount paid—typically monthly—to maintain health insurance coverage.
The premium is owed whether or not you use medical services during that period: My health premium went up again this year.
Premiums may be paid by individuals, shared between employers and employees, or subsidized by government programs.
- insuranceContractual risk coverage
- coverageExtent of inclusion
- monthlyOccurring each lunar cycle
- annual increasePeriodic rise each year
- sticker shockDistress from unexpected expense
wellness · medical · plan · family plan · payment · policy · group rate · costly · employer · benefits · payroll deduction · healthcare · expensive · enrollment · subscriber · pre-existing condition · risk pool · out-of-pocket
- insurance costsdeductible, copay, coinsurance, quote, estimate
- insurance termsfull coverage, deductibles, payout, quotes, umbrella policy
- paycheck deductionsincome tax, federal tax, state tax, withholding, FICA
- extra costssurcharge, markup, upgrade fee, service charge, deductible
- Canadian taxesT1, T4, GST, PST, CPP