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.
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.
While protection is never a bad thing, you want to make sure the value of the coverage outweighs the added cost.
Learn about all the parts of Medicare with this informative and enjoyable article.
Medicare’s popular program, offering free gym membership and health education.