Premium is the amount that must be paid by the patient to an insurance agency for a health insurance policy.
The company will charge you money in return for the protection that your insurance policy offers. The price is known as the insurance premium. Depending on the insurance coverage, you could pay the premium monthly or semi-annually. In some cases, you might need to pay the full amount upfront before the coverage starts.
The majority of insurance providers provide numerous payment alternatives, such as online options, automated payments, credit and debit cards, checks, money orders, cashier's checks, and bank drafts. If you choose paperless billing alternatives or pay the full amount in one go rather than making minimum installments, you might be entitled to a discount.
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