Question

Please help. I can't pass until I get it all right, and I'm stuck on this one question.

What is premium?

A. a fixed fee you pay for specific medical services.

B. the amount you pay the health insurance company every month for coverage.

C. the most you have to pay for health care in a full year.

D. the amount you are personally required to pay before your health insurance covers your medical costs.

Answer 1

B. The amount you pay the health insurance company every month for coverage. so your secure and everything else is fine aswell that's mainly called insurance premium! but premium for short.

Answer 2

Premium is (B) the amount you pay the health insurance company every month for coverage.

Step-by-step explanation:

Premium is actually the amount that has to be paid periodically for covering the policy, mostly insurance policy. People mostly use Medical Insurance Policy in which they need to pay the premium periodically, it can be monthly, quarterly or yearly.

It is different for different plans in the Insurance policy. Plan defines the amount of coverage company will bear in case of medical use. Many other types of insurances are car insurance, travel insurance etc.