The amount you pay for your health insurance every month. In addition to your premium, you usually have to pay other costs for your health care, including a deductible, copayments, and coinsurance. If you have a Marketplace health plan, you may be able to lower your costs with a premium tax credit.
When shopping for a plan, keep in mind that the plan with the lowest monthly premium may not be the best match for you. If you need much health care, a plan with slightly higher premium but a lower deductible may save you a lot of money.
After you enroll in a plan, you must pay your first premium directly to the insurance company — not to the Health Insurance Marketplace.
As always, please contact your Total Benefit Solutions health insurance specialists today at (215)355-2121.