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A health plan premium is the amount of money that you pay each month for your health insurance plan. The rates should not change for the length of the plan, but some plans are set to change premium after a specified amount of time. Insurance premiums are the payments made to pay for insurance. It is important to know that your premiums paid do NOT go towards your deductible or max out-of-pocket amounts. If you are self-employed or the business owner then health insurance premiums may be tax deductible, but you should always talk to a tax expert about tax related situations.
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Insurance premiums are the payments made to pay for insurance. It is important to know that your premiums paid do NOT go towards your deductible or max out-of-pocket amounts.
Shane and Kari Saunders co-founded The Insurance Solutions Experts to help families and companies find affordable insurance options. Shane has a Bachelor of Arts in Elementary Education from UTSA and a Masters of Arts in Christian Education from Southwestern Baptist Theological Seminary in Forth Worth. He is accredited and licensed and has received comprehensive certification in Healthcare Reform as well as all forms of state health care insurance plans. He offers individual health insurance coverage, life insurance, several other lines of affordable insurance options as well as group health insurance plans. Shane@theinsuranceexpert.com 210-954-6478 or 636-287-9369