This content is for general informational purposes and does not constitute medical, legal, or financial advice. Healthcare rules and costs change annually. Last reviewed: January 1, 2025. Always verify current details with your insurer, employer, or a licensed healthcare navigator.
Premium
The monthly amount you pay to keep your health insurance coverage active.
Full Definition
A premium is the regular payment — usually monthly — you make to maintain your health insurance, regardless of whether you use medical services. If you get insurance through an employer, your employer typically pays a portion and deducts your share from your paycheck. Marketplace plan premiums may be reduced by tax credits (subsidies) based on your income.
Real-World Example
Your employer-sponsored plan has a $450/month premium. Your employer covers $300, so $150 is deducted from your paycheck each month.
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Estimate your ACA tax credit and net monthly premium.
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