insurance premiums
Policy payment amounts
Insurance premiums are the regular payments made to maintain an insurance policy—typically monthly, quarterly, or annually.
The premium is the cost of coverage, not what you receive if you file a claim.
Her health insurance premiums went up after she turned fifty.
Premiums vary based on risk factors, coverage levels, and deductibles.
Lower premiums often mean higher out-of-pocket costs when claims arise.
- costRequired payment amount
- sticker shockDistress from unexpected expense
- actuaryFinancial risk analyst
- paymentFulfilling a financial obligation
- coverageExtent of inclusion
fine print · underwriting · risk pool · high risk · skyrocketing · mortality rate · rate · deductible · renewal · hazard · policyholder · grace period · claim · claims adjuster · rider · tables · peace of mind · out-of-pocket
- paycheck deductionsincome tax, federal tax, state tax, withholding, FICA
- payroll deductionspayroll deductions, employee contributions, employer contributions, payroll tax, pension contributions
- expensesexpenses, expense, expenditure, cost, costs
- feesfee, fees, service fee, service charge, flat fee
- living costsprice index, consumer price index, rent prices, utility bills, food prices
- medical costsmedical bills, hospital bills, prescription costs, hospital costs, medical expenses
insurance premiumsdeductibles
Pre-coverage personal payments
out-of-pocket costs · coinsurance · copayments · copays · excess