What Does A Premium Mean In Health Insurance?

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    Peggy Mace
    Most of the U.S.
    A premium in health insurance, or any type of insurance, is the payment you make to the life insurance company in order to receive health insurance protection. Premiums are usually made monthly, quarterly, semi-annually or annually and can often be set up on automatic draft from a checking account.
    Answered on June 13, 2013
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