Question

question 2 / 10
what is a premium?
a. the amount you pay the health insurance company every month for coverage.
b. the most you have to pay for health care in a full year.
c. a fixed fee you pay for specific medical services.
d. the amount you are personally required to pay before your health insurance covers your medical costs.

Explanation:

To determine the correct answer, we analyze each option:

• Option A: A premium in health insurance is the regular (usually monthly) payment made to the insurance company to maintain coverage. This matches the definition of a premium.
• Option B: This describes an out - of - pocket maximum (the most you pay in a year for covered services), not a premium.
• Option C: This is a copayment or a fee for specific services, not a premium.
• Option D: This is a deductible (the amount you pay before insurance starts covering costs), not a premium.

Answer:

A. The amount you pay the health insurance company every month for coverage.