A premium is the fixed amount, usually paid monthly, that you or your employer pay to keep your health coverage active, regardless of whether you use any care. It is separate from the costs you pay when you actually receive services. Premiums do not count toward your deductible or out-of-pocket maximum.
Our free AI-powered tool can help you turn a confusing denial into a compelling appeal letter in minutes.
Disclaimer: This definition is provided for general educational purposes only and is not legal, medical, or insurance advice. Insurance rules, deadlines, and terminology vary by plan, state, and over time. Always check your own plan documents and confirm current details before acting.