I just received a benefits packout outline and I don't understand what the premium is. I know a little bit about co-pays and insurance, but I just don't get who pays the premium and where the money comes from. Does it come out of your monthly pay? If so, what is a high/low premium? Any explanation would help! Thanks!
2006-07-20 10:28:57 · 5 answers · asked by hopelesslydevoted 1 in Health ➔ General Health Care ➔ Other - General Health Care
The premium is the amount charged monthly for the insurance. Check with your personnel manager to determine if the premium is split between employer and employee. The employee portion of the premium would come out of your weekly, bi-weekly or monthly pay, depending on your pay period.
2006-07-20 10:33:44 · answer #1 · answered by rb_cubed 6 · 0⤊ 0⤋
The premium is what u pay to the insurer on a monthly basis. The fun is in where u come up with the money for the premium.
2006-07-20 17:34:42 · answer #2 · answered by Anonymous 2 · 0⤊ 0⤋
if you are talking about health benefits through your provider. The premium comes out of your pay each pay . I
2006-07-20 17:32:49 · answer #3 · answered by donise225 3 · 0⤊ 0⤋
It is the rate at which they charge you for the morgrage loans
2006-07-20 17:31:23 · answer #4 · answered by BOB 2 · 0⤊ 0⤋
.
2006-07-20 17:32:00 · answer #5 · answered by Anonymous · 0⤊ 0⤋