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	<title>New answer on: What Is The Definition Of A Health Insurance Premium?</title>

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		<title>By: Marlin McKelvy</title>

		<link>https://insurancelibrary.com/health-insurance/what-is-the-definition-of-a-health-insurance-premium</link>

		<dc:creator>Marlin McKelvy</dc:creator>

		<pubDate>Mon, 15 Sep 2014 21:28:00 +0000</pubDate>

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		<description><![CDATA[A health insurance premium is the total monthly cost calculated by an insurance company for a particular plan of health insurance benefits.  Under the requirements of the Affordable Care Act (ObamaCare) individual and small group health insurance rates will be derived from a rate table for the health insurance plan selected and based upon the age of the policyholder, their spouse (if they are covering one) and the first three children (if they are covering any) that will be covered.  For example, for the cost for a health plan selected by a husband age 30 and his wife age 28 is $300 per month for a 30 year old and $275 for a 28 year old, their total monthly premium would be $575 per month ($300 + $275).  The only other variable that can impact rates (depending upon the health insurance company&#039;s underwriting policies) could be whether the person(s) to be covered use tobacco products.  ObamaCare does allow for health insurance rates to be raised to account for tobacco use.]]></description>

		

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