1. 11498 POINTS
    Jason Goldenzweig
    Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
    A health insurance premium is a monthly rate that you pay for your health insurance coverage. The idea of health insurance is to protect yourself in the event of a catastrophic event (e.g. breaking a bone and having surgery to repair the fracture).  You're, in short, pooling the risk so you're not stuck with a massive bill should an extremely expensive service be needed.

    Other benefits such as routine preventative care are included in every plan as well to reduce the risk of needing more critical care services.
    Answered on March 21, 2014
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