Examples of premium in the following topics:
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- Gender discrimination in health care manifests itself primarily as the difference that men and women pay for their insurance premium.
- Gender discrimination in health care manifests primarily as the amount of money one pays for insurance premiums—the amount paid per month in order to be covered by insurance.
- Women statistically pay far higher premiums than men.
- Fewer than ten state governments prohibit gender discrimination in insurance premiums.
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- By estimating the overall risk of health care that a target group will require, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to ensure that money is available to pay for the health care benefits specified in an insurance agreement.
- Some of the essential terms associated with health insurance are premiums, deductibles, co-payments, and explanations of benefits.
- A premium is the amount a policy-holder or his sponsor (e.g. an employer) must pay to a health plan to purchase health coverage.
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- Aside from premiums paid by Medicare enrollees along with the fund source itself, Medicare is financed by revenue levied on employers and workers through the Federal Insurance Contributions Act and the Self-Employment Contributions Act.
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- While this is discussed in greater detail below, it is worth noting that corporate profits have also played a role in increased health care premiums.
- Insurance companies usually do not announce their health insurance premiums more than one year in advance.
- This means that, if one becomes ill, he or she may find that the premiums have greatly increased.
- This approach to avoiding paying premiums can also undermine medical advances.