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
Understanding the Basics of Medigap Policies
Important as it is, Medicare does not cover the full range of health-care expenses you may experience in your golden years.
If You're In An Accident
Learn the best steps to take after you’ve been in an automobile accident with this useful, step-by-step video.
Mastering Mobile Lingo
Do you understand these common mobile slang terms?