What is a Premium?
Premium
[pree-mee-uh m]
noun
1.
A Premium is the payment made to the insurance company, either monthly or in a lump sum, to purchase insurance. The Premium does not include other costs like copays or deductibles.
noun
1.
A Premium is the payment made to the insurance company, either monthly or in a lump sum, to purchase insurance. The Premium does not include other costs like copays or deductibles.
Important as it is, Medicare does not cover the full range of health-care expenses you may experience in your golden years.
This handy video helps you stay prepared in case a fallen tree has damaged your house.
While protection is never a bad thing, you want to make sure the value of the coverage outweighs the added cost.