A health insurance premium is the amount of money that an individual or employer pays to an insurance company in exchange for health insurance coverage. The premium is typically paid on a monthly basis, and the cost of the premium can vary depending on a number of factors, such as the level of coverage, the age and health of the policyholder, and the location where the policyholder resides.

The premium is a key component of the overall cost of health insurance, and it is important to understand how it is calculated and what factors can affect it. In general, higher levels of coverage or lower deductibles will result in higher premiums, while lower levels of coverage or higher deductibles will result in lower premiums.

For individuals who receive health insurance coverage through their employer, the premium is often split between the employer and the employee. In some cases, the employer may pay the entire premium, while in other cases the employee may be responsible for a portion of the cost. For those who purchase health insurance on their own, the full premium is typically paid by the individual.

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