What is the purpose of a premium?
What is the purpose of a premium?Definition: Premium is an amount paid periodically to the insurer by the insured for...
HEALTH
How is premium charged?
How is premium charged?How an Insurance Premium Works. When you sign up for an insurance policy, your insurer will charge...
Why is insurance called premium?
Why is insurance called premium?Understanding a Premium Relatedly, it is the price paid for protection from a loss, hazard, or...
Who keeps the copay?
Who keeps the copay?This means that technically an overpayment occurs, and someone — not the patient — keeps the excess...
What determines your insurance premium?
What determines your insurance premium?Some factors that may affect your auto insurance premiums are your car, your driving habits, demographic...
What happens if you can’t afford your copay?
What happens if you can't afford your copay?If patients don't pay the co-pay at the time of the visit, there...
What is the difference between an insurance premium and an insurance claim?
What is the difference between an insurance premium and an insurance claim?The premium is a transfer from the customer to...
How do medical insurance deductibles work?
How do medical insurance deductibles work?A deductible is the amount you pay for health care services before your health insurance...
How often do you pay an insurance premium?
How often do you pay an insurance premium?Premiums are usually paid either monthly, every six months, or annually and are...
Can a copay be refunded?
Can a copay be refunded?Copayment Debts to be Canceled, Refunded You should not pay them. If you already paid your...
