Question

question 6 of 10
the premium of a health insurance plan refers to the _____.

a. employer contribution
b. total cost of the coverage
c. employee contribution
d. a fixed percentage of the cost of the coverage

Explanation:

In health insurance, a premium is the total amount paid (by any combination of employer, employee, etc.) to maintain the insurance coverage. Option A (employer contribution) and C (employee contribution) are parts of how the premium might be paid, not the premium itself. Option D describes a copayment or coinsurance structure, not the premium. So the premium is the total cost of the coverage.

Answer:

B. total cost of the coverage