Premium
The amount you pay each month to maintain insurance coverage — regardless of whether you use care.
The premium is your monthly payment to keep your health insurance active. For employer-sponsored plans, the employer typically pays part of the premium and deducts your share from your paycheck. For ACA Marketplace plans, you may receive premium tax credits to lower the cost. Premiums do not count toward your deductible or out-of-pocket maximum.
Frequently asked questions
What is premium?
The premium is your monthly payment to keep your health insurance active. For employer-sponsored plans, the employer typically pays part of the premium and deducts your share from your paycheck. For ACA Marketplace plans, you may receive premium tax credits to lower the cost. Premiums do not count toward your deductible or out-of-pocket maximum.
Related terms
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