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Insurance premiums

FreeChapter 13:142 key terms

Your premium is the monthly cost of keeping your plan active — whether or not you see a doctor. This lesson explains what the premium does and doesn't buy, and why the lowest premium isn't always the cheapest plan once deductibles and copays are counted.

What you'll learn

  • What a premium is and how it's billed each month
  • How premiums trade off against deductibles and out-of-pocket costs
  • Why a low premium can still mean a more expensive year

Key takeaway: A premium buys access, not care — always weigh it against the deductible and copays.

What you pay, and when

4 lessons

The four costs on every plan — premium, deductible, copay, coinsurance — and how they work together across a year.

  1. 1Insurance premiums▶ Now playing3:14
  2. 2Deductibles3:48
  3. 3Copays2:56
  4. 4Coinsurance: sharing the cost3:21
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Deductibles
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