Definition: Health insurance premiums are the cost charged by insurers to cover the costs associated with providing health care services to policyholders. These charges may be for deductibles, co-pays, coinsurance or other forms of out-of-pocket expenses. What is the word 'what is health insurance premium' in English? The word "premium" refers to an amount paid as a fixed amount from a customer's pocket before receiving any benefits under an insurance policy. It is used to describe the financial burden of paying for health care services that are covered by the policy. In this context, what does 'health insurance premium' refer to? Health insurance premiums cover the costs associated with providing medical treatment or coverage in case a person has a medical condition. They may include deductibles, co-pays, coinsurance, out-of-pocket expenses, and other fees for health care services provided by an insurer. For example, if you buy health insurance that covers a certain type of treatment, such as surgery, but your doctor only requires copayments (co-pay) or coinsurance, then the premium would be higher than a policy that does not have these requirements. In summary, 'health insurance premium' refers to the fixed amount paid by an insurer before receiving any benefits from providing health care services. It is used to describe the financial burden of paying for health care services covered by insurance policies.
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