Insurance premiums

What you'll learn

• ✓What a premium is and how it's billed each month
• ✓How premiums trade off against deductibles and out-of-pocket costs
• ✓Why a low premium can still mean a more expensive year

Key takeaway: A premium buys access, not care — always weigh it against the deductible and copays.

The four costs on every plan — premium, deductible, copay, coinsurance — and how they work together across a year.

1. 1Insurance premiums▶ Now playing3:14
2. 2Deductibles3:48
3. 3Copays2:56
4. 4Coinsurance: sharing the cost3:21