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.
Related Content
What You Should Do About Insurance Following a Divorce
In the face of divorce, making changes to insurance coverage may be overlooked.
Medicare At 65+
65 or older? It may be time to enroll in Medicare. Read to learn if you’re eligible.
9 Facts About Social Security
There are things about Social Security that might surprise you.